BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 9.7% in January

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

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of large investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC acquired a new stake in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $248,000. 1607 Capital Partners LLC boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 84.7% in the 4th quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock valued at $1,820,000 after purchasing an additional 327,361 shares in the last quarter. Truist Financial Corp bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter valued at approximately $168,000. J.W. Cole Advisors Inc. acquired a new position in BNY Mellon High Yield Strategies Fund during the 4th quarter worth approximately $30,000. Finally, Melfa Wealth Management Inc. boosted its position in BNY Mellon High Yield Strategies Fund by 16.0% in the fourth quarter. Melfa Wealth Management Inc. now owns 141,330 shares of the investment management company’s stock valued at $360,000 after buying an additional 19,500 shares in the last quarter. Institutional investors and hedge funds own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of BNY Mellon High Yield Strategies Fund stock traded up $0.02 on Monday, hitting $2.60. The stock had a trading volume of 107,768 shares, compared to its average volume of 199,092. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.27 and a twelve month high of $2.69. The business’s 50 day moving average is $2.59 and its two-hundred day moving average is $2.59.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.0175 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.21 annualized dividend and a dividend yield of 8.09%.

About BNY Mellon High Yield Strategies Fund

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.