BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Up 127.3% in January

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 110,700 shares, a growth of 127.3% from the December 31st total of 48,700 shares. Based on an average trading volume of 245,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Several institutional investors have recently modified their holdings of the business. Freestate Advisors LLC bought a new position in BNY Mellon High Yield Strategies Fund during the 3rd quarter valued at about $30,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 41.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 594,220 shares of the investment management company's stock valued at $1,598,000 after purchasing an additional 173,152 shares during the last quarter. Pathstone Holdings LLC lifted its position in BNY Mellon High Yield Strategies Fund by 36.9% during the third 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 period. Avior Wealth Management LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 51.2% in the third quarter. Avior Wealth Management LLC now owns 74,503 shares of the investment management company's stock worth $200,000 after purchasing an additional 25,231 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in BNY Mellon High Yield Strategies Fund in the 3rd quarter worth approximately $88,000. 36.16% of the stock is owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

NYSE DHF traded up $0.01 during mid-day trading on Friday, reaching $2.60. The stock had a trading volume of 145,349 shares, compared to its average volume of 170,087. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.27 and a 1 year high of $2.69. The company has a fifty day moving average price of $2.60 and a 200 day moving average price of $2.58.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently declared 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. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend is Thursday, February 6th.

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.