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

Key Points

• Short interest fell 41.7% to 40,276 shares as of July 31, representing about 0.1% of DHF’s shares and a short-interest ratio of 0.1 days.
• DHF shares opened at $2.40, near their 50-day average, while the fund announced a monthly dividend of $0.0175 per share, equating to an annualized yield of approximately 8.8%.
• Institutional investors own 36.16% of the fund, with several firms recently initiating or increasing positions, including Geneos Wealth Management, which boosted its holdings by 493.9%.

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 40,276 shares, a decrease of 41.7% from the July 15th total of 69,092 shares. Based on an average daily trading volume, of 315,289 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

BNY Mellon High Yield Strategies Fund Stock Up 0.2%

Shares of DHF stock opened at $2.40 on Monday. The stock's fifty day simple moving average is $2.40 and its 200 day simple moving average is $2.43. BNY Mellon High Yield Strategies Fund has a one year low of $2.32 and a one year high of $2.63.

BNY Mellon High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.0175 per share. The ex-dividend date is Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its holdings 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. World Investment Advisors acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $35,000. Marex Group plc acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $38,000. Finally, Fermata Advisors LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at about $42,000. 36.16% of the stock is owned by institutional investors.

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.

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