BNY Mellon High Yield Strategies Fund (NYSE:DHF) Shares Pass Below 200 Day Moving Average – Should You Sell?

BNY Mellon High Yield Strategies Fund (NYSE:DHF)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.46 and traded as low as $2.40. BNY Mellon High Yield Strategies Fund shares last traded at $2.4050, with a volume of 252,286 shares changing hands.

BNY Mellon High Yield Strategies Fund Trading Up 0.2%

The company has a fifty day moving average price of $2.43 and a 200 day moving average price of $2.46.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.0175 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a c) annualized dividend and a yield of 8.7%.

Institutional Trading of BNY Mellon High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in shares of 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 valued at $26,000 after buying an additional 8,337 shares in the last quarter. Invesco Ltd. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 12.1% in the 2nd quarter. Invesco Ltd. now owns 1,009,240 shares of the investment management company’s stock worth $2,624,000 after acquiring an additional 109,246 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 273.3% in the 2nd quarter. Walleye Capital LLC now owns 54,533 shares of the investment management company’s stock worth $142,000 after acquiring an additional 39,926 shares during the last quarter. Jane Street Group LLC bought a new position in BNY Mellon High Yield Strategies Fund in the 2nd quarter valued at about $163,000. Finally, Bank of America Corp DE lifted its position in BNY Mellon High Yield Strategies Fund by 49.9% in the 2nd quarter. Bank of America Corp DE now owns 48,902 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 16,277 shares in 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 (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.