BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 9.7% in January

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 99,600 shares, a decrease of 9.7% from the January 15th total of 110,300 shares. Based on an average trading volume of 228,800 shares, the days-to-cover ratio is currently 0.4 days.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of DHF traded up $0.02 during mid-day trading on Monday, hitting $2.60. 107,768 shares of the company’s stock were exchanged, compared to its average volume of 199,092. The company has a 50-day simple moving average of $2.59 and a 200 day simple moving average of $2.59. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.27 and a 52 week high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.0175 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.09%.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds have recently modified their holdings of DHF. Hennion & Walsh Asset Management Inc. boosted its position in 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 boosted its holdings in shares of BNY Mellon High Yield Strategies Fund by 36.9% in the 3rd quarter. Pathstone Holdings LLC now owns 5,561,508 shares of the investment management company’s stock valued at $14,961,000 after buying an additional 1,500,234 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of 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 valued at $200,000 after buying an additional 25,231 shares in the last quarter. Walleye Capital LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the third quarter worth $88,000. Finally, Jane Street Group LLC raised its position 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 acquiring an additional 25,624 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.