Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Declines By 30.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 43,300 shares, a decline of 30.7% from the February 13th total of 62,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 259,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of BNY Mellon High Yield Strategies Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC boosted its position in BNY Mellon High Yield Strategies Fund by 1.9% in the fourth quarter. Pathstone Holdings LLC now owns 5,667,317 shares of the investment management company’s stock valued at $14,457,000 after buying an additional 105,809 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in BNY Mellon High Yield Strategies Fund by 47.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company’s stock valued at $2,242,000 after buying an additional 284,913 shares in the last quarter. 1607 Capital Partners LLC boosted its position in BNY Mellon High Yield Strategies Fund by 84.7% in the fourth quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock valued at $1,820,000 after buying an additional 327,361 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in BNY Mellon High Yield Strategies Fund by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company’s stock valued at $1,121,000 after buying an additional 6,210 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in BNY Mellon High Yield Strategies Fund by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock valued at $1,064,000 after buying an additional 18,579 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 opened at $2.52 on Friday. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $2.59. BNY Mellon High Yield Strategies Fund has a 52-week low of $2.27 and a 52-week high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a $0.0175 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.21 dividend on an annualized basis and a yield of 8.35%.

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.