BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Below 200-Day Moving Average – Here’s Why

BNY Mellon High Yield Strategies Fund (NYSE:DHF)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.56 and traded as low as $2.50. BNY Mellon High Yield Strategies Fund shares last traded at $2.5050, with a volume of 530,167 shares trading hands.

BNY Mellon High Yield Strategies Fund Stock Performance

The business has a fifty day moving average of $2.58 and a 200-day moving average of $2.56.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be paid a $0.0175 dividend. The ex-dividend date is Thursday, November 6th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in BNY Mellon High Yield Strategies Fund by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 186,398 shares of the investment management company’s stock worth $475,000 after buying an additional 4,283 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 443,701 shares of the investment management company’s stock worth $1,154,000 after acquiring an additional 5,309 shares during the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 7.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 80,580 shares of the investment management company’s stock worth $210,000 after acquiring an additional 5,593 shares during the last quarter. Geneos Wealth Management Inc. grew its position in BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after acquiring an additional 8,337 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in BNY Mellon High Yield Strategies Fund by 31.4% in the third quarter. Citadel Advisors LLC now owns 38,193 shares of the investment management company’s stock valued at $99,000 after acquiring an additional 9,120 shares during the last quarter. Institutional investors own 36.16% of the company’s stock.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.