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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 97,421 shares, an increase of 19.7% from the February 26th total of 81,355 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 382,960 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon High Yield Strategies Fund Stock Performance

BNY Mellon High Yield Strategies Fund stock traded down $0.03 during trading on Wednesday, hitting $2.42. The company’s stock had a trading volume of 216,402 shares, compared to its average volume of 389,656. The stock’s fifty day moving average is $2.47 and its 200 day moving average is $2.51. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.21 and a 1-year high of $2.63.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be given a $0.0175 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. 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 and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 418,045 shares of the investment management company’s stock valued at $1,037,000 after acquiring an additional 5,065 shares during the period. Jane Street Group LLC lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 11.5% in the 4th quarter. Jane Street Group LLC now owns 72,470 shares of the investment management company’s stock worth $180,000 after purchasing an additional 7,490 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in BNY Mellon High Yield Strategies Fund by 493.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 8,337 shares during the period. Citadel Advisors LLC boosted its position in BNY Mellon High Yield Strategies Fund by 31.4% during the 3rd quarter. Citadel Advisors LLC now owns 38,193 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 9,120 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in BNY Mellon High Yield Strategies Fund during the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 36.16% of the company’s stock.

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.