BNY Mellon High Yield Strategies Fund (NYSE:DHF) Sees Large Increase in Short Interest

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

BNY Mellon High Yield Strategies Fund Trading Down 0.2 %

Shares of NYSE DHF traded down $0.01 during mid-day trading on Thursday, reaching $2.61. 202,018 shares of the company’s stock were exchanged, compared to its average volume of 148,802. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.27 and a twelve month high of $2.69. The business has a fifty day simple moving average of $2.60 and a 200 day simple moving average of $2.56.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.0175 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date was Friday, December 27th.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Large investors have recently made changes to their positions in the stock. Freestate Advisors LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the 3rd quarter valued at about $30,000. Choreo LLC bought a new stake in BNY Mellon High Yield Strategies Fund in the 2nd quarter valued at approximately $37,000. Park Avenue Securities LLC boosted its position in 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 acquiring an additional 18,579 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter worth approximately $63,000. Finally, Avior Wealth Management LLC lifted its position in BNY Mellon High Yield Strategies Fund by 51.2% during the 3rd quarter. Avior Wealth Management LLC now owns 74,503 shares of the investment management company’s stock worth $200,000 after buying an additional 25,231 shares in the last quarter. Institutional investors own 36.16% of the company’s stock.

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.