BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 110,700 shares, an increase of 127.3% from the December 15th total of 48,700 shares. Based on an average daily volume of 245,800 shares, the days-to-cover ratio is presently 0.5 days.
BNY Mellon High Yield Strategies Fund Price Performance
BNY Mellon High Yield Strategies Fund stock traded up $0.01 during trading hours on Tuesday, hitting $2.58. The company had a trading volume of 61,789 shares, compared to its average volume of 132,086. The company has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $2.56. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.27 and a 1 year high of $2.69.
BNY Mellon High Yield Strategies Fund Announces Dividend
The company also recently declared a monthly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.0175 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.14%.
Institutional Inflows and Outflows
About BNY Mellon High Yield Strategies Fund
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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