Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Sees Large Decrease in Short Interest

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 12,601 shares, a decline of 73.5% from the June 15th total of 47,607 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 336,404 shares, the days-to-cover ratio is presently 0.0 days.

Neuberger Berman High Yield Strategies Fund Stock Down 0.5%

NHS traded down $0.03 during trading hours on Monday, reaching $6.20. The company’s stock had a trading volume of 111,826 shares, compared to its average volume of 228,654. The company’s 50-day moving average is $6.28 and its 200-day moving average is $6.83. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.06 and a 52 week high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.0905 dividend. This represents a c) annualized dividend and a dividend yield of 17.5%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at $80,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $81,000. XTX Topco Ltd bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $113,000. Kestra Advisory Services LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 18.0% in the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after acquiring an additional 2,857 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $119,000.

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.