BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Above 200 Day Moving Average – Should You Sell?

BNY Mellon High Yield Strategies Fund (NYSE:DHF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as high as $2.60. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 107,768 shares trading hands.

BNY Mellon High Yield Strategies Fund Stock Up 0.6 %

The stock has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.58.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a $0.0175 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Thursday, February 6th.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Institutional investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. purchased a new position in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BNY Mellon High Yield Strategies Fund during the 4th quarter valued at $63,000. Walleye Capital LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund during the 3rd quarter valued at $88,000. Jane Street Group LLC boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 198.7% in the 3rd quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company’s stock worth $104,000 after buying an additional 25,624 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter worth $168,000. Hedge funds and other 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.