Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Expands By 79.2%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 74,900 shares, a growth of 79.2% from the July 15th total of 41,800 shares. Based on an average daily volume of 255,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of BNY Mellon High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. increased its holdings in BNY Mellon High Yield Strategies Fund by 15.0% during the 2nd quarter. Integrated Capital Management Inc. now owns 79,601 shares of the investment management company’s stock worth $192,000 after purchasing an additional 10,365 shares in the last quarter. Choreo LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at approximately $37,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at approximately $94,000. 1607 Capital Partners LLC grew its holdings in shares of BNY Mellon High Yield Strategies Fund by 12.6% in the fourth quarter. 1607 Capital Partners LLC now owns 709,874 shares of the investment management company’s stock valued at $1,626,000 after acquiring an additional 79,564 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of BNY Mellon High Yield Strategies Fund by 28.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 421,068 shares of the investment management company’s stock valued at $1,015,000 after acquiring an additional 92,837 shares in the last quarter. 36.16% of the stock is owned by institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of DHF opened at $2.49 on Friday. The stock has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $2.39. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.06 and a 52 week high of $2.56.

BNY Mellon High Yield Strategies Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.0175 per share. This represents a $0.21 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend is Wednesday, August 7th.

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.