BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Up 35.7% in March

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 100,400 shares, an increase of 35.7% from the March 15th total of 74,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 317,700 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon High Yield Strategies Fund Price Performance

BNY Mellon High Yield Strategies Fund stock opened at $2.40 on Friday. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.22 and a 1-year high of $2.69. The business has a fifty day moving average price of $2.51 and a 200-day moving average price of $2.57.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.0175 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.77%.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several large investors have recently bought and sold shares of the stock. Pathstone Holdings LLC increased its position in shares of BNY Mellon High Yield Strategies Fund by 1.9% in the 4th 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 during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of BNY Mellon High Yield Strategies Fund by 21.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,065,191 shares of the investment management company’s stock worth $2,716,000 after purchasing an additional 186,058 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings 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 purchasing an additional 327,361 shares during the period. Envestnet Asset Management Inc. boosted its position 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 valued at $1,121,000 after buying an additional 6,210 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in 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 worth $1,064,000 after buying an additional 18,579 shares during the period. Hedge funds and other institutional investors own 36.16% of the company’s stock.

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.