Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Grows By 97.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 86,000 shares, a growth of 97.7% from the November 15th total of 43,500 shares. Based on an average daily trading volume, of 350,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Institutional investors have recently modified their holdings of the stock. Freestate Advisors LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the third quarter valued at $30,000. Choreo LLC bought a new position in BNY Mellon High Yield Strategies Fund in the second quarter worth approximately $37,000. Walleye Capital LLC bought a new stake in BNY Mellon High Yield Strategies Fund during the third quarter valued at about $88,000. Jane Street Group LLC increased its holdings in BNY Mellon High Yield Strategies Fund by 198.7% in the 3rd quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company’s stock worth $104,000 after acquiring an additional 25,624 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of BNY Mellon High Yield Strategies Fund by 51.2% in the third quarter. Avior Wealth Management LLC now owns 74,503 shares of the investment management company’s stock worth $200,000 after purchasing an additional 25,231 shares in the last quarter. 36.16% of the stock is owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

DHF stock traded up $0.02 during trading on Friday, reaching $2.61. The company had a trading volume of 201,381 shares, compared to its average volume of 333,342. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.27 and a 52 week high of $2.69. The business has a 50 day moving average of $2.61 and a 200 day moving average of $2.54.

BNY Mellon High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be given a $0.0175 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.05%.

BNY Mellon High Yield Strategies Fund Company Profile

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.