BNY Mellon High Yield Strategies Fund (NYSE:DHF) Sees Significant Growth in Short Interest

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 74,000 shares, a growth of 70.9% from the February 28th total of 43,300 shares. Based on an average daily trading volume, of 273,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

BNY Mellon High Yield Strategies Fund Stock Down 0.2 %

Shares of DHF stock traded down $0.01 during mid-day trading on Friday, reaching $2.53. 476,379 shares of the company were exchanged, compared to its average volume of 297,199. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.27 and a fifty-two week high of $2.69. The business’s 50 day simple moving average is $2.58 and its 200 day simple moving average is $2.59.

BNY Mellon High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.0175 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.32%.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in DHF. Walleye Capital LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the third quarter worth approximately $88,000. Jane Street Group LLC grew its stake in 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 valued at $104,000 after purchasing an additional 25,624 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of BNY Mellon High Yield Strategies Fund by 4.7% during the 4th quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock worth $1,064,000 after purchasing an additional 18,579 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BNY Mellon High Yield Strategies Fund during the fourth quarter worth approximately $63,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 purchasing an additional 284,913 shares during the last quarter. 36.16% of the stock is owned by institutional investors and hedge funds.

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.