Short Interest in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Expands By 207.4%

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 8,300 shares, an increase of 207.4% from the March 31st total of 2,700 shares. Based on an average daily volume of 33,500 shares, the days-to-cover ratio is presently 0.2 days.

Shares of DCF stock opened at $8.43 on Thursday. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a one year low of $8.13 and a one year high of $9.99. The stock has a fifty day moving average price of $8.45 and a 200 day moving average price of $9.01.

The company also recently announced a monthly dividend, which was paid on Monday, April 25th. Investors of record on Friday, April 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $0.60 annualized dividend and a yield of 7.12%.

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the fourth quarter worth $130,000. Cambridge Investment Research Advisors Inc. raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 4.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 22,432 shares of the company’s stock worth $212,000 after acquiring an additional 1,050 shares in the last quarter. Virtus ETF Advisers LLC raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 4.3% during the third quarter. Virtus ETF Advisers LLC now owns 49,720 shares of the company’s stock worth $471,000 after acquiring an additional 2,049 shares in the last quarter. UBS Group AG raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 22.9% during the third quarter. UBS Group AG now owns 61,800 shares of the company’s stock worth $585,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the third quarter worth $947,000.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Company Profile (Get Rating)

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.

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