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

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 32,300 shares, a drop of 67.8% from the March 31st total of 100,400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 389,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Large investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in BNY Mellon High Yield Strategies Fund in the 1st quarter valued at about $51,000. Curated Wealth Partners LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the 1st quarter worth approximately $40,000. Hennion & Walsh Asset Management Inc. raised its stake in BNY Mellon High Yield Strategies Fund by 21.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,065,191 shares of the investment management company's stock valued at $2,716,000 after acquiring an additional 186,058 shares during the period. Pathstone Holdings LLC boosted its position in BNY Mellon High Yield Strategies Fund by 1.9% during the fourth quarter. Pathstone Holdings LLC now owns 5,667,317 shares of the investment management company's stock worth $14,457,000 after purchasing an additional 105,809 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 36.16% of the company's stock.

BNY Mellon High Yield Strategies Fund Stock Performance

NYSE DHF traded up $0.03 during trading hours on Friday, hitting $2.49. 246,831 shares of the company traded hands, compared to its average volume of 318,065. The business's 50-day moving average is $2.48 and its 200-day moving average is $2.56. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.22 and a twelve month high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.0175 per share. This represents a $0.21 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Thursday, May 8th.

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.