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

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 32,300 shares, a decrease of 67.8% from the March 31st total of 100,400 shares. Based on an average trading volume of 389,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $51,000. Curated Wealth Partners LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund during the first quarter valued at about $40,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BNY Mellon High Yield Strategies Fund by 21.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,065,191 shares of the investment management company's stock valued at $2,716,000 after acquiring an additional 186,058 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 1.9% during the 4th quarter. Pathstone Holdings LLC now owns 5,667,317 shares of the investment management company's stock valued at $14,457,000 after acquiring an additional 105,809 shares during the period. Finally, Focus Partners Wealth purchased a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $28,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of NYSE DHF opened at $2.43 on Friday. The business has a 50-day moving average of $2.49 and a 200-day moving average of $2.56. BNY Mellon High Yield Strategies Fund has a 12 month low of $2.22 and a 12 month high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.0175 per share. The ex-dividend date is Thursday, May 8th. This represents a $0.21 dividend on an annualized basis and a yield of 8.64%.

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.

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