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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a significant 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. Based on an average daily volume of 259,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

BNY Mellon High Yield Strategies Fund Stock Down 0.2 %

Shares of NYSE:DHF opened at $2.53 on Tuesday. The company has a 50 day moving average price of $2.59 and a two-hundred day moving average price of $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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.0175 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.21 annualized dividend and a yield of 8.32%.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC raised its holdings 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 worth $14,457,000 after purchasing an additional 105,809 shares during the period. Focus Partners Wealth acquired a new stake in BNY Mellon High Yield Strategies Fund in the fourth quarter worth $28,000. Shaker Financial Services LLC acquired a new stake in BNY Mellon High Yield Strategies Fund in the fourth quarter worth $248,000. 1607 Capital Partners LLC raised its holdings 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 worth $1,820,000 after purchasing an additional 327,361 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings 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 worth $1,121,000 after purchasing an additional 6,210 shares during the period. 36.16% of the stock is currently owned by institutional investors and hedge funds.

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.