Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Rises By 19.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 97,421 shares, a growth of 19.7% from the February 26th total of 81,355 shares. Based on an average trading volume of 382,960 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DHF. Geneos Wealth Management Inc. grew its stake in BNY Mellon High Yield Strategies Fund by 493.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after buying an additional 8,337 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth $26,000. Avior Wealth Management LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth $28,000. Integrity Advisory Solutions LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the third quarter worth $28,000. Finally, J.W. Cole Advisors Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the second quarter worth $31,000. 36.16% of the stock is owned by institutional investors.

BNY Mellon High Yield Strategies Fund Stock Down 1.4%

NYSE DHF opened at $2.41 on Thursday. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.21 and a 52 week high of $2.63. The firm’s 50-day simple moving average is $2.46 and its two-hundred day simple moving average is $2.51.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be given a $0.0175 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a c) annualized dividend and a dividend yield of 8.7%.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.