BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 16,000 shares, a drop of 63.4% from the May 15th total of 43,700 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 446,400 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund
Several large investors have recently made changes to their positions in DHF. Geneos Wealth Management Inc. lifted its position 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 acquiring an additional 8,337 shares in the last quarter. Focus Partners Wealth bought a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter valued at approximately $28,000. J.W. Cole Advisors Inc. bought a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter valued at approximately $30,000. CW Advisors LLC bought a new position in BNY Mellon High Yield Strategies Fund in the 1st quarter valued at approximately $33,000. Finally, Walleye Capital LLC bought a new position in BNY Mellon High Yield Strategies Fund in the 1st 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 Price Performance
Shares of DHF stock traded down $0.02 during trading hours on Friday, hitting $2.52. 817,862 shares of the company's stock traded hands, compared to its average volume of 333,686. The stock's fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $2.54. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.22 and a 12-month high of $2.69.
BNY Mellon High Yield Strategies Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 6th will be issued a dividend of $0.0175 per share. The ex-dividend date is Friday, June 6th. This represents a $0.21 annualized dividend and a dividend yield of 8.35%.
BNY Mellon High Yield Strategies Fund Company Profile
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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.
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