BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Sees Large Increase in Short Interest

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Wealth LLC boosted its holdings in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 27.8% in the third quarter. Atlas Wealth LLC now owns 210,760 shares of the company’s stock worth $1,635,000 after purchasing an additional 45,794 shares during the last quarter. Heron Bay Capital Management boosted its stake in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 115.3% during the 4th quarter. Heron Bay Capital Management now owns 739,920 shares of the company’s stock worth $6,030,000 after acquiring an additional 396,245 shares during the last quarter. Shaker Financial Services LLC boosted its stake in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 54.4% during the 3rd quarter. Shaker Financial Services LLC now owns 33,936 shares of the company’s stock worth $263,000 after acquiring an additional 11,957 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 193.3% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 212,500 shares of the company’s stock worth $1,649,000 after acquiring an additional 140,038 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake 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 acquiring an additional 1,574 shares during the last quarter.

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

Shares of DCF stock opened at $8.49 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 firm’s 50 day moving average is $8.53 and its 200 day moving average is $8.22.

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

The business also recently announced a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, May 8th.

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.