BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Up 180.1% in March

BNY Mellon High Yield Strategies Fund (NYSE:DHFGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 57,700 shares, a growth of 180.1% from the March 15th total of 20,600 shares. Based on an average daily trading volume, of 297,700 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its stake in BNY Mellon High Yield Strategies Fund by 221.9% during the third quarter. EP Wealth Advisors LLC now owns 34,448 shares of the investment management company’s stock worth $32,000 after purchasing an additional 23,746 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in BNY Mellon High Yield Strategies Fund during the third quarter worth $33,000. Revolve Wealth Partners LLC bought a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter worth $34,000. AE Wealth Management LLC bought a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter worth $45,000. Finally, Dumont & Blake Investment Advisors LLC lifted its stake in BNY Mellon High Yield Strategies Fund by 34.4% during the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 19,585 shares of the investment management company’s stock worth $60,000 after purchasing an additional 5,015 shares during the last quarter.

DHF stock opened at $2.67 on Thursday. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.59 and a twelve month high of $3.77. The firm has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $3.02.

The business also recently declared a monthly dividend, which will be paid on Friday, April 22nd. Stockholders of record on Thursday, April 7th will be given a dividend of $0.019 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Wednesday, April 6th.

BNY Mellon High Yield Strategies Fund Company Profile (Get Rating)

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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