BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Update

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 74,000 shares, an increase of 70.9% from the February 28th total of 43,300 shares. Based on an average trading volume of 273,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company's shares are sold short.

BNY Mellon High Yield Strategies Fund Trading Down 0.6 %

Shares of NYSE DHF traded down $0.02 during mid-day trading on Tuesday, reaching $2.54. 511,729 shares of the company's stock were exchanged, compared to its average volume of 299,589. The business has a fifty day simple moving average of $2.58 and a 200 day simple moving average of $2.59. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.27 and a twelve month high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Wednesday, April 9th will be paid a $0.0175 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Wednesday, April 9th.

Institutional Inflows and Outflows

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

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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.