Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Sees Significant Decline in Short Interest

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 26,125 shares, a drop of 87.6% from the May 14th total of 209,992 shares. Based on an average trading volume of 258,135 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Neuberger Berman High Yield Strategies Fund Stock Up 0.5%

Shares of NYSEAMERICAN NHS traded up $0.03 during trading on Thursday, hitting $6.33. The company had a trading volume of 117,926 shares, compared to its average volume of 207,976. The stock has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $7.00. Neuberger Berman High Yield Strategies Fund has a fifty-two week low of $6.13 and a fifty-two week high of $7.75.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0905 dividend. This represents a c) annualized dividend and a dividend yield of 17.2%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. GraniteShares Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at $2,832,000. Guggenheim Capital LLC raised its position in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after purchasing an additional 156,386 shares during the period. Shaker Financial Services LLC acquired a new position in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at about $402,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth $337,000. Finally, Balyasny Asset Management L.P. purchased a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $338,000.

About Neuberger Berman High Yield Strategies Fund

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.