BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 64.3% in April

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 26,060 shares, a decrease of 64.3% from the April 15th total of 73,088 shares. Based on an average daily trading volume, of 286,812 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

BNY Mellon High Yield Strategies Fund Trading Down 1.0%

DHF traded down $0.03 during mid-day trading on Thursday, hitting $2.42. The stock had a trading volume of 266,316 shares, compared to its average volume of 350,468. The stock’s fifty day simple moving average is $2.41 and its 200-day simple moving average is $2.48. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.33 and a 1-year high of $2.63.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be issued a $0.0175 dividend. The ex-dividend date is Thursday, May 7th. This represents a c) annualized dividend and a yield of 8.7%.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds have recently bought and sold shares of DHF. Geneos Wealth Management Inc. raised its holdings in BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after purchasing an additional 8,337 shares during the period. Invesco Ltd. raised its holdings in BNY Mellon High Yield Strategies Fund by 12.1% in the second quarter. Invesco Ltd. now owns 1,009,240 shares of the investment management company’s stock worth $2,624,000 after purchasing an additional 109,246 shares during the period. Walleye Capital LLC raised its holdings in BNY Mellon High Yield Strategies Fund by 273.3% in the second quarter. Walleye Capital LLC now owns 54,533 shares of the investment management company’s stock worth $142,000 after purchasing an additional 39,926 shares during the period. Jane Street Group LLC acquired a new stake in BNY Mellon High Yield Strategies Fund in the second quarter worth $163,000. Finally, Bank of America Corp DE raised its holdings in BNY Mellon High Yield Strategies Fund by 49.9% in the second quarter. Bank of America Corp DE now owns 48,902 shares of the investment management company’s stock worth $127,000 after purchasing an additional 16,277 shares during the period. 36.16% of the stock is currently owned by institutional investors and hedge funds.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.