Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Drops By 41.7%

BNY Mellon High Yield Strategies Fund (NYSE:DHF) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 315,289 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fermata Advisors LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at approximately $42,000. Rivernorth Capital Management LLC lifted its holdings in BNY Mellon High Yield Strategies Fund by 14.3% during the 1st quarter. Rivernorth Capital Management LLC now owns 366,828 shares of the investment management company’s stock worth $895,000 after buying an additional 45,764 shares in the last quarter. Bulldog Investors LLP bought a new position in BNY Mellon High Yield Strategies Fund in the 1st quarter valued at $700,000. World Investment Advisors bought a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter valued at $35,000. Finally, Marex Group plc acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at $38,000. 36.16% of the stock is owned by institutional investors.

BNY Mellon High Yield Strategies Fund Stock Performance

Shares of NYSE:DHF traded up $0.01 during trading on Wednesday, reaching $2.38. The stock had a trading volume of 98,438 shares, compared to its average volume of 306,931. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.32 and a 52 week high of $2.63. The business’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.42.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.0175 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

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.