BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 164,800 shares, an increase of 212.7% from the August 15th total of 52,700 shares. Based on an average daily trading volume, of 600,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company's stock are sold short. Approximately 0.2% of the company's stock are sold short. Based on an average daily trading volume, of 600,500 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of BNY Mellon High Yield Strategies Fund
Several institutional investors and hedge funds have recently made changes to their positions in DHF. Geneos Wealth Management Inc. raised its holdings in shares of 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 last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at about $26,000. Focus Partners Wealth purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $28,000. J.W. Cole Advisors Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at about $31,000. Finally, CW Advisors LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at about $33,000. Hedge funds and other institutional investors own 36.16% of the company's stock.
BNY Mellon High Yield Strategies Fund Stock Performance
DHF traded up $0.01 during trading on Wednesday, hitting $2.62. 700,906 shares of the company's stock were exchanged, compared to its average volume of 451,367. The business's 50 day moving average is $2.58 and its two-hundred day moving average is $2.53. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.21 and a fifty-two week high of $2.69.
BNY Mellon High Yield Strategies Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.0175 per share. The ex-dividend date is Wednesday, September 10th. This represents a c) annualized dividend and a yield of 8.0%.
BNY Mellon High Yield Strategies Fund Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider BNY Mellon High Yield Strategies Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BNY Mellon High Yield Strategies Fund wasn't on the list.
While BNY Mellon High Yield Strategies Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
