BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 52.2% in December

BNY Mellon High Yield Strategies Fund (NYSE:DHF) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 61,328 shares, a decrease of 52.2% from the December 15th total of 128,372 shares. Based on an average daily volume of 761,837 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 761,837 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 418,045 shares of the investment management company’s stock valued at $1,037,000 after buying an additional 5,065 shares during the period. Envestnet Asset Management Inc. raised its position in BNY Mellon High Yield Strategies Fund by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 443,701 shares of the investment management company’s stock worth $1,154,000 after acquiring an additional 5,309 shares in the last quarter. Integrated Capital Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 7.5% in the 2nd quarter. Integrated Capital Management Inc. now owns 80,580 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 5,593 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 493.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 8,337 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of BNY Mellon High Yield Strategies Fund by 31.4% during the 3rd quarter. Citadel Advisors LLC now owns 38,193 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 9,120 shares in the last quarter. 36.16% of the stock is currently owned by institutional investors.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of NYSE DHF traded down $0.01 during midday trading on Wednesday, reaching $2.52. 346,508 shares of the company traded hands, compared to its average volume of 341,868. The stock has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.56. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.21 and a 52 week high of $2.64.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.0175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Tuesday, December 23rd.

About BNY Mellon High Yield Strategies Fund

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.