BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Short Interest Up 955.0% in July

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 21,100 shares, a growth of 955.0% from the July 15th total of 2,000 shares. Based on an average daily volume of 49,500 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

Hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new stake in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 1st quarter valued at $1,077,000. City of London Investment Management Co. Ltd. acquired a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the first quarter worth about $980,000. Beverly Hills Private Wealth LLC raised its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 217.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 90,273 shares of the company’s stock worth $799,000 after purchasing an additional 61,847 shares during the period. Bulldog Investors LLP acquired a new position in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the 4th quarter valued at about $647,000. Finally, Cerity Partners LLC grew its holdings in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 2.0% during the 4th quarter. Cerity Partners LLC now owns 78,414 shares of the company’s stock worth $639,000 after purchasing an additional 1,574 shares during the period.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Stock Down 0.6 %

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund stock traded down $0.05 during trading hours on Monday, hitting $8.91. The stock had a trading volume of 51,421 shares, compared to its average volume of 41,140. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a 1-year low of $7.47 and a 1-year high of $9.08. The stock’s fifty day moving average is $8.83 and its two-hundred day moving average is $8.64.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 8th will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.42 dividend on an annualized basis and a yield of 4.71%.

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.