Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Increases By 127.3%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 110,700 shares, a growth of 127.3% from the December 31st total of 48,700 shares. Based on an average daily trading volume, of 245,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Large investors have recently modified their holdings of the company. Freestate Advisors LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the third quarter worth $30,000. Park Avenue Securities LLC increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 4.7% in the 4th quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock valued at $1,064,000 after acquiring an additional 18,579 shares during the last quarter. Melfa Wealth Management Inc. raised its position in shares of BNY Mellon High Yield Strategies Fund by 16.0% during the 4th quarter. Melfa Wealth Management Inc. now owns 141,330 shares of the investment management company’s stock worth $360,000 after acquiring an additional 19,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BNY Mellon High Yield Strategies Fund during the fourth quarter worth approximately $63,000. Finally, Avior Wealth Management LLC boosted its holdings in 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 valued at $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 Stock Performance

Shares of NYSE:DHF traded down $0.01 during trading on Wednesday, hitting $2.59. The company’s stock had a trading volume of 205,867 shares, compared to its average volume of 168,476. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.27 and a fifty-two week high of $2.69. The business has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.58.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be paid a dividend of $0.0175 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.12%.

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.