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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 46,142 shares, a decrease of 24.8% from the December 31st total of 61,328 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 401,932 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 401,932 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC lifted its stake in BNY Mellon High Yield Strategies Fund by 21.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,553,950 shares of the investment management company’s stock valued at $16,975,000 after buying an additional 1,162,574 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the third quarter valued at $1,706,000. Wolverine Asset Management LLC purchased a new stake in BNY Mellon High Yield Strategies Fund during the 4th quarter worth about $607,000. Capital Investment Advisors LLC raised its stake in BNY Mellon High Yield Strategies Fund by 1,574.1% in the 4th quarter. Capital Investment Advisors LLC now owns 206,832 shares of the investment management company’s stock valued at $513,000 after purchasing an additional 194,477 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 14.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,403,548 shares of the investment management company’s stock valued at $3,635,000 after purchasing an additional 180,667 shares in the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.

BNY Mellon High Yield Strategies Fund Stock Performance

DHF stock remained flat at $2.56 during midday trading on Tuesday. The company had a trading volume of 303,579 shares, compared to its average volume of 507,990. The stock’s fifty day moving average is $2.51 and its 200-day moving average is $2.55. BNY Mellon High Yield Strategies Fund has a 52-week low of $2.21 and a 52-week high of $2.63.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 5th will be paid a dividend of $0.0175 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, February 5th.

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.