Dreyfus High Yield Strategies Fund (NYSE:DHF) Stock Passes Above 50-Day Moving Average of $3.06

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Dreyfus High Yield Strategies Fund (NYSE:DHF) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.06 and traded as high as $3.08. Dreyfus High Yield Strategies Fund shares last traded at $3.08, with a volume of 1,300 shares traded.

Separately, Morgan Stanley cut Dreyfus High Yield Strategies Fund from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $41.00 in a research note on Monday, July 8th.

The company has a 50 day moving average of $3.06 and a 200-day moving average of $3.06.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 8.63%. The ex-dividend date is Monday, September 9th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. increased its position in Dreyfus High Yield Strategies Fund by 14.2% in the second quarter. Landscape Capital Management L.L.C. now owns 42,123 shares of the investment management company’s stock worth $129,000 after buying an additional 5,250 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Dreyfus High Yield Strategies Fund by 11.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 62,571 shares of the investment management company’s stock worth $192,000 after buying an additional 6,477 shares during the period. First Allied Advisory Services Inc. increased its position in Dreyfus High Yield Strategies Fund by 10.1% in the second quarter. First Allied Advisory Services Inc. now owns 87,200 shares of the investment management company’s stock worth $267,000 after buying an additional 8,000 shares during the period. Envestnet Asset Management Inc. increased its position in Dreyfus High Yield Strategies Fund by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 92,552 shares of the investment management company’s stock worth $283,000 after buying an additional 10,315 shares during the period. Finally, Park Avenue Securities LLC increased its position in Dreyfus High Yield Strategies Fund by 12.7% in the second quarter. Park Avenue Securities LLC now owns 92,552 shares of the investment management company’s stock worth $283,000 after buying an additional 10,397 shares during the period.

Dreyfus High Yield Strategies Fund Company Profile (NYSE:DHF)

Dreyfus High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by The Dreyfus Corporation. 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.

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