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

Key Points

• The BNY Mellon High Yield Strategies Fund (NYSE:DHF) experienced a 58.9% decline in short interest in July, with total short interest dropping to 84,700 shares.
• Institutional investors have shown significant interest in the fund, with 36.16% of the stock currently owned by hedge funds and other institutional investors.
• BNY Mellon High Yield Strategies Fund announced a monthly dividend of $0.0175, representing an annual yield of 8.1%, to be paid on August 20th to investors of record as of August 6th.

BNY Mellon High Yield Strategies Fund (NYSE:DHF - ) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 84,700 shares, adeclineof58.9% from the July 15th total of 205,900 shares. Currently,0.1% of the shares of the company are sold short. Based on an average daily volume of 533,800 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 533,800 shares, the short-interest ratio is currently 0.2 days. Currently,0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of institutional investors have recently bought and sold shares of DHF. Geneos Wealth Management Inc. grew its holdings in BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock valued at $26,000 after purchasing an additional 8,337 shares during the period. Focus Partners Wealth purchased a new stake in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at approximately $28,000. J.W. Cole Advisors Inc. purchased a new stake in BNY Mellon High Yield Strategies Fund in the second quarter valued at approximately $31,000. CW Advisors LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $33,000. Finally, Walleye Capital LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $37,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Trading Down 0.4%

NYSE DHF traded down $0.01 on Friday, reaching $2.58. 449,122 shares of the company's stock traded hands, compared to its average volume of 442,234. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.21 and a fifty-two week high of $2.69. The stock has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.53.

BNY Mellon High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be issued a $0.0175 dividend. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Wednesday, August 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.