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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 74,000 shares, a growth of 70.9% from the February 28th total of 43,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 273,100 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 1.9% during 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 acquiring an additional 105,809 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in BNY Mellon High Yield Strategies Fund by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company’s stock valued at $1,121,000 after purchasing an additional 6,210 shares in the last quarter. LPL Financial LLC increased its stake in BNY Mellon High Yield Strategies Fund by 30.0% during the 4th quarter. LPL Financial LLC now owns 339,504 shares of the investment management company’s stock valued at $866,000 after purchasing an additional 78,294 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter worth $248,000. Finally, 1607 Capital Partners LLC lifted its stake in shares of BNY Mellon High Yield Strategies Fund by 84.7% during the fourth quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock worth $1,820,000 after buying an additional 327,361 shares during the period. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Stock Performance

Shares of DHF opened at $2.53 on Monday. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.27 and a twelve month high of $2.69. The company has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.59.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 24th. Investors of record on Wednesday, April 9th will be given a dividend of $0.0175 per share. This represents a $0.21 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Wednesday, April 9th.

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.