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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 23,529 shares, a decline of 40.3% from the August 31st total of 39,442 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 269,878 shares, the short-interest ratio is currently 0.1 days.

Insider Transactions at BNY Mellon High Yield Strategies Fund

In other BNY Mellon High Yield Strategies Fund news, Director Joseph S. Dimartino purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of $2.22 per share, with a total value of $44,400.00. Following the completion of the purchase, the director owned 240,000 shares in the company, valued at approximately $532,800. This represents a 9.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 16.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds have recently modified their holdings of DHF. World Investment Advisors purchased a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter worth about $35,000. Fermata Advisors LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 2nd quarter valued at about $42,000. Closed End Fund Advisors Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at approximately $109,000. Bulldog Investors LLP purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at approximately $700,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 14.3% during the 1st quarter. Rivernorth Capital Management LLC now owns 366,828 shares of the investment management company’s stock worth $895,000 after buying an additional 45,764 shares during the last quarter. Hedge funds and other institutional investors own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Price Performance

NYSE DHF opened at $2.23 on Wednesday. The stock’s fifty day moving average is $2.34 and its two-hundred day moving average is $2.38. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.12 and a fifty-two week high of $2.61.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Thursday, October 8th will be given a dividend of $0.0175 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.21 annualized dividend and a dividend yield of 9.4%.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a closed-end investment fund that seeks to provide investors with a high level of current income and, secondarily, capital appreciation. The fund is managed by BNY Mellon Investment Adviser, LLC, and invests primarily in high-yield, below-investment-grade debt securities.

The fund’s portfolio may include corporate bonds, notes, loans and other fixed-income instruments issued by companies across a range of industries. These securities generally offer higher income potential than investment-grade debt but also carry greater credit and default risk.