Short Interest in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Grows By 5.3%

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 12,000 shares, an increase of 5.3% from the October 15th total of 11,400 shares. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 55.7% in the third quarter. Jane Street Group LLC now owns 467,326 shares of the company’s stock worth $4,290,000 after acquiring an additional 167,190 shares in the last quarter. Quarry LP acquired a new position in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the 3rd quarter valued at approximately $171,000. Cerity Partners LLC raised its holdings in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 78.7% during the 3rd quarter. Cerity Partners LLC now owns 140,105 shares of the company’s stock worth $1,286,000 after buying an additional 61,691 shares during the period. Janney Montgomery Scott LLC acquired a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 3rd quarter worth approximately $3,289,000. Finally, Greenleaf Trust bought a new position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the third quarter valued at approximately $1,737,000.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Stock Up 0.2 %

Shares of NYSE:DCF opened at $9.25 on Tuesday. The company has a 50 day moving average price of $9.18 and a two-hundred day moving average price of $8.95. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a 52 week low of $7.89 and a 52 week high of $9.26.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Wednesday, October 9th.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Company Profile

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc operates as a closed-end investment fund. The fund’s investment objective is to seek high current income and to invest in credit instruments and other investments. The company is headquartered in New York, NY.