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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 62,500 shares, a decrease of 37.2% from the January 31st total of 99,600 shares. Based on an average daily volume of 238,400 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Hedge funds have recently modified their holdings of the stock. Focus Partners Wealth acquired a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter valued at approximately $28,000. J.W. Cole Advisors Inc. acquired a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter valued at approximately $63,000. Walleye Capital LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the third quarter valued at approximately $88,000. Finally, Jane Street Group LLC raised 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 purchasing an additional 25,624 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 $2.59 on Friday. The stock’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $2.59. BNY Mellon High Yield Strategies Fund has a one year low of $2.27 and a one year high of $2.69.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.0175 per share. This represents a $0.21 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.