BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Update

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a large decline in short interest during the month of 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 trading volume of 238,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Hedge funds have recently made changes to their positions in the business. Focus Partners Wealth bought a new stake in BNY Mellon High Yield Strategies Fund during the fourth quarter worth approximately $28,000. J.W. Cole Advisors Inc. purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter valued at approximately $63,000. Walleye Capital LLC bought a new stake in BNY Mellon High Yield Strategies Fund in the third quarter worth $88,000. Finally, Jane Street Group LLC increased its position in BNY Mellon High Yield Strategies Fund by 198.7% during 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 during the last quarter. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

DHF stock opened at $2.59 on Tuesday. The firm has a fifty day moving average price of $2.59 and a 200 day moving average price of $2.59. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.27 and a fifty-two 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.12%.

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.