Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Decreases By 41.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 40,276 shares, a decrease of 41.7% from the July 15th total of 69,092 shares. Based on an average daily trading volume, of 315,289 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

BNY Mellon High Yield Strategies Fund Trading Up 0.2%

Shares of BNY Mellon High Yield Strategies Fund stock opened at $2.40 on Monday. The firm has a fifty day moving average of $2.40 and a two-hundred day moving average of $2.43. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.32 and a 52 week 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 Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a $0.0175 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Thursday, August 6th.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 21.6% in the third quarter. Pathstone Holdings LLC now owns 6,553,950 shares of the investment management company’s stock worth $16,975,000 after acquiring an additional 1,162,574 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BNY Mellon High Yield Strategies Fund by 74.4% in the 4th quarter. Advisors Asset Management Inc. now owns 1,148,316 shares of the investment management company’s stock valued at $2,848,000 after purchasing an additional 489,761 shares during the period. Rivernorth Capital Management LLC bought a new stake in BNY Mellon High Yield Strategies Fund during the 4th quarter worth approximately $796,000. Bulldog Investors LLP acquired a new stake in BNY Mellon High Yield Strategies Fund during the 1st quarter worth approximately $700,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in BNY Mellon High Yield Strategies Fund by 17.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,872,844 shares of the investment management company’s stock valued at $4,532,000 after buying an additional 275,168 shares in the last quarter. 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.