BNY Mellon High Yield Strategies Fund (NYSE:DHF) Sees Large Drop in Short Interest

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 99,600 shares, a drop of 9.7% from the January 15th total of 110,300 shares. Based on an average daily volume of 228,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Partners Wealth acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter worth about $28,000. J.W. Cole Advisors Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at approximately $63,000. Walleye Capital LLC bought a new stake in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at approximately $88,000. Finally, Jane Street Group LLC grew its stake in shares of BNY Mellon High Yield Strategies Fund by 198.7% in the third quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company’s stock worth $104,000 after acquiring an additional 25,624 shares during the last quarter. 36.16% of the stock is owned by institutional investors and hedge funds.

BNY Mellon High Yield Strategies Fund Stock Up 0.4 %

NYSE DHF opened at $2.61 on Wednesday. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.27 and a 1 year high of $2.69. The company has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.59.

BNY Mellon High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.0175 per share. This represents a $0.21 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Thursday, February 6th.

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.