BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Short Interest Up 186.7% in April

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 12,900 shares, an increase of 186.7% from the March 31st total of 4,500 shares. Based on an average trading volume of 31,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heron Bay Capital Management increased its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 115.3% in the 4th quarter. Heron Bay Capital Management now owns 739,920 shares of the company’s stock valued at $6,030,000 after buying an additional 396,245 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 193.3% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 212,500 shares of the company’s stock valued at $1,649,000 after buying an additional 140,038 shares during the last quarter. Atlas Wealth LLC increased its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 27.8% in the 3rd quarter. Atlas Wealth LLC now owns 210,760 shares of the company’s stock valued at $1,635,000 after buying an additional 45,794 shares during the last quarter. Bulldog Investors LLP acquired a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the 4th quarter valued at $647,000. Finally, Cerity Partners LLC increased its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 2.0% in the 4th quarter. Cerity Partners LLC now owns 78,414 shares of the company’s stock valued at $639,000 after buying an additional 1,574 shares during the last quarter.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Stock Performance

Shares of NYSE:DCF opened at $8.46 on Friday. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a 12 month low of $7.36 and a 12 month high of $8.74. The company’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $8.21.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.42 annualized dividend and a yield of 4.96%.

About BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

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.