BNY Mellon High Yield Strategies Fund (NYSE:DHF) Sees Significant Growth in Short Interest

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 74,000 shares, an increase of 70.9% from the February 28th total of 43,300 shares. Based on an average trading volume of 273,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

BNY Mellon High Yield Strategies Fund Trading Down 0.2 %

DHF stock traded down $0.01 during midday trading on Friday, reaching $2.53. 476,379 shares of the company’s stock traded hands, compared to its average volume of 297,199. The company has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $2.59. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.27 and a 1-year high of $2.69.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 24th. Investors of record on Wednesday, April 9th will be issued a $0.0175 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.32%.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the third quarter worth approximately $88,000. Jane Street Group LLC lifted its holdings in BNY Mellon High Yield Strategies Fund by 198.7% during the 3rd quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company’s stock worth $104,000 after buying an additional 25,624 shares in the last quarter. Park Avenue Securities LLC boosted its position 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 valued at $1,064,000 after buying an additional 18,579 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at $63,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of BNY Mellon High Yield Strategies Fund by 47.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company’s stock worth $2,242,000 after acquiring an additional 284,913 shares during the last quarter. 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.