Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Declines By 30.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 43,300 shares, a decline of 30.7% from the February 13th total of 62,500 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 259,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Several institutional investors and hedge funds have recently modified their holdings of DHF. Pathstone Holdings LLC lifted its stake in shares of BNY Mellon High Yield Strategies Fund by 36.9% in the 3rd quarter. Pathstone Holdings LLC now owns 5,561,508 shares of the investment management company’s stock valued at $14,961,000 after purchasing an additional 1,500,234 shares during the last quarter. 1607 Capital Partners LLC lifted its position in BNY Mellon High Yield Strategies Fund by 84.7% during the 4th quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock worth $1,820,000 after acquiring an additional 327,361 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in BNY Mellon High Yield Strategies Fund by 47.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company’s stock worth $2,242,000 after acquiring an additional 284,913 shares during the last quarter. Shaker Financial Services LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the 4th quarter worth $248,000. Finally, LPL Financial LLC lifted its position in BNY Mellon High Yield Strategies Fund by 30.0% during the 4th quarter. LPL Financial LLC now owns 339,504 shares of the investment management company’s stock worth $866,000 after acquiring an additional 78,294 shares during 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 NYSE:DHF opened at $2.52 on Friday. The firm has a fifty day moving average of $2.59 and a two-hundred day moving average of $2.59. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.27 and a 12-month high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.0175 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Tuesday, March 11th.

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.