BNY Mellon High Yield Strategies Fund (NYSE:DHF) Sees Significant Decrease in Short Interest

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 62,500 shares, a decline of 37.2% from the January 31st total of 99,600 shares. Based on an average daily volume of 238,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter worth $28,000. J.W. Cole Advisors Inc. bought a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BNY Mellon High Yield Strategies Fund in the 4th quarter worth $63,000. Walleye Capital LLC bought a new stake in BNY Mellon High Yield Strategies Fund during the third quarter valued at about $88,000. Finally, Jane Street Group LLC lifted its position in shares of BNY Mellon High Yield Strategies Fund by 198.7% in the third quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 25,624 shares in the last quarter. Institutional investors own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Stock Performance

NYSE:DHF traded down $0.02 during mid-day trading on Monday, hitting $2.59. 484,875 shares of the company traded hands, compared to its average volume of 233,064. The stock’s fifty day moving average price is $2.59 and its 200-day moving average price is $2.59. BNY Mellon High Yield Strategies Fund has a one year low of $2.27 and a one year high of $2.69.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a $0.0175 dividend. This represents a $0.21 annualized dividend and a yield of 8.12%. The ex-dividend date is Tuesday, March 11th.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.