Short Interest in BNY Mellon High Yield Strategies Fund (NYSE:DHF) Rises By 35.7%

by · The Cerbat Gem

BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 100,400 shares, an increase of 35.7% from the March 15th total of 74,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 317,700 shares, the short-interest ratio is currently 0.3 days.

BNY Mellon High Yield Strategies Fund Stock Up 0.2 %

Shares of NYSE DHF traded up $0.01 during midday trading on Friday, reaching $2.40. 512,031 shares of the stock were exchanged, compared to its average volume of 311,966. The company has a 50 day simple moving average of $2.51 and a 200 day simple moving average of $2.57. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.22 and a twelve month high of $2.69.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Wednesday, April 9th will be given a $0.0175 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.21 dividend on an annualized basis and a yield of 8.77%.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds have recently modified their holdings of DHF. Focus Partners Wealth acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter valued at about $28,000. J.W. Cole Advisors Inc. acquired a new stake in BNY Mellon High Yield Strategies Fund in the 4th quarter valued at approximately $30,000. Curated Wealth Partners LLC purchased a new stake in BNY Mellon High Yield Strategies Fund in the first quarter valued at approximately $40,000. Sowell Financial Services LLC acquired a new position in BNY Mellon High Yield Strategies Fund during the first quarter worth $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth $63,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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