BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 43,300 shares, a decrease of 30.7% from the February 13th total of 62,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 259,500 shares, the days-to-cover ratio is presently 0.2 days.
BNY Mellon High Yield Strategies Fund Stock Performance
DHF stock traded down $0.01 during trading hours on Monday, reaching $2.53. The stock had a trading volume of 185,226 shares, compared to its average volume of 298,630. The stock has a 50-day simple moving average of $2.59 and a 200 day simple moving average of $2.59. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.27 and a fifty-two week high of $2.69.
BNY Mellon High Yield Strategies Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a $0.0175 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.21 annualized dividend and a yield of 8.32%.
Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund
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.
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