BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 37.8% in August

Key Points

• BNY Mellon High Yield Strategies Fund (NYSE:DHF) experienced a 37.8% decline in short interest, falling to 52,700 shares as of August 15th.
• Institutional investors hold 36.16% of the stock, with several hedge funds increasing their stakes in the fund recently.
• The fund declared a monthly dividend of $0.0175 per share, translating to an annualized yield of 8.0%, payable on September 24th.

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 52,700 shares, a decrease of 37.8% from the July 31st total of 84,700 shares. Based on an average daily volume of 617,800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 617,800 shares, the short-interest ratio is presently 0.1 days.

BNY Mellon High Yield Strategies Fund Stock Up 0.2%

NYSE DHF traded up $0.01 during trading hours on Tuesday, hitting $2.63. The company had a trading volume of 402,807 shares, compared to its average volume of 454,702. 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 firm's 50 day moving average is $2.58 and its 200 day moving average is $2.53.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.0175 per share. The ex-dividend date is Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth about $26,000. Geneos Wealth Management Inc. lifted its position in shares of BNY Mellon High Yield Strategies Fund by 493.9% during the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock worth $26,000 after purchasing an additional 8,337 shares during the last quarter. Focus Partners Wealth bought a new position in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth about $28,000. J.W. Cole Advisors Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth about $31,000. Finally, CW Advisors LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund during the first quarter worth about $33,000. 36.16% of the stock is currently owned by institutional investors and hedge funds.

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.