BNY Mellon High Yield Strategies Fund (NYSE:DHF) traded at a new 52-week high today of $3.54. This new high was reached on approximately average trading volume as 764,000 shares traded hands, while the average 30-day volume is approximately 812,000 shares.
Over the past year, BNY Mellon High Yield Strategies Fund has traded in a range of $2.51 to $3.54 and is now at $3.54, 41% above that low.
BNY Mellon High Yield Strategies Fund is a non-diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. It invests primarily in fixed-income securities of below-investment-grade credit quality.
Based on a current price of $3.54, BNY Mellon High Yield Strategies Fund is currently 4.0% above its average consensus analyst price target of $3.40.
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