Dreyfus High Yield Strategies Fund Common Stock (DHF) stock has gained 6.20% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DHF Stock Today?
Dreyfus High Yield Strategies Fund Common Stock (DHF) stock is trading at $2.57 as of 10:53 AM on Thursday, May 28, a gain of $0.04, or 1.58% from the previous closing price of $2.53. The stock has traded between $2.55 and $2.59 so far today. Volume today is less active than usual. So far 637,741 shares have traded compared to average volume of 1,296,105 shares.
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More About Dreyfus High Yield Strategies Fund Common Stock
BNY Mellon High Yield Strategies Fund, formerly Dreyfus 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. The company's products are Equity and Fixed Income Mutual Funds, Retail Money Market Funds, Government/Treasury Money Market Funds, Institutional Money Market Funds, and others.
