BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 57.9% in August

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 39,442 shares, a decrease of 57.9% from the August 15th total of 93,580 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 411,620 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BNY Mellon High Yield Strategies Fund

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

BNY Mellon High Yield Strategies Fund Stock Down 1.1%

NYSE:DHF traded down $0.03 during mid-day trading on Monday, reaching $2.27. 469,273 shares of the company were exchanged, compared to its average volume of 310,167. BNY Mellon High Yield Strategies Fund has a 12 month low of $2.27 and a 12 month high of $2.63. The company has a fifty day moving average of $2.38 and a 200 day moving average of $2.40.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.0175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Thursday, September 10th.

BNY Mellon High Yield Strategies Fund Company Profile

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.