BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Below 200 Day Moving Average of $2.24

BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.24 and traded as low as $2.13. BNY Mellon High Yield Strategies Fund shares last traded at $2.14, with a volume of 188,703 shares traded.

BNY Mellon High Yield Strategies Fund Trading Up 1.4 %

The company has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $2.24.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, June 8th will be paid a $0.015 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.18 annualized dividend and a yield of 8.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DHF. Bank of America Corp DE increased its position in shares of BNY Mellon High Yield Strategies Fund by 167.4% during the fourth quarter. Bank of America Corp DE now owns 819,508 shares of the investment management company’s stock valued at $1,770,000 after acquiring an additional 512,979 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the 1st quarter valued at about $1,048,000. 1607 Capital Partners LLC purchased a new stake in BNY Mellon High Yield Strategies Fund in the 3rd quarter worth about $787,000. Saba Capital Management L.P. purchased a new stake in BNY Mellon High Yield Strategies Fund in the 1st quarter worth about $701,000. Finally, Confluence Wealth Services Inc. purchased a new position in shares of BNY Mellon High Yield Strategies Fund during the third quarter worth approximately $409,000. Institutional investors own 14.49% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

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BNY Mellon High Yield Strategies Fund is a non-diversified, closed-end management investment company. Its primary investment objective is to seek high current income. The firm invests its assets in income securities of U.S. issuers rated below investment grade quality or unrated income securities that The Dreyfus Corp., serving as the fund’s investment manager and administrator.