Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Down 49.7% in July

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 19,077 shares, a drop of 49.7% from the July 15th total of 37,892 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 180,745 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman High Yield Strategies Fund Trading Down 0.2%

Shares of Neuberger Berman High Yield Strategies Fund stock traded down $0.01 on Friday, reaching $6.09. 77,886 shares of the company were exchanged, compared to its average volume of 163,289. Neuberger Berman High Yield Strategies Fund has a one year low of $5.97 and a one year high of $7.75. The company has a 50-day moving average of $6.14 and a 200 day moving average of $6.62.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 17.8%. The ex-dividend date is Monday, August 17th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at about $113,000. Invesco Ltd. grew its holdings in Neuberger Berman High Yield Strategies Fund by 3.5% during the second quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock worth $1,963,000 after purchasing an additional 8,676 shares during the period. Balyasny Asset Management L.P. acquired a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $338,000. Osaic Holdings Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 112.6% in the second quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock valued at $234,000 after buying an additional 16,324 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 14.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock worth $322,000 after acquiring an additional 5,219 shares during the last quarter.

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.