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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 3,753 shares, a drop of 80.3% from the July 30th total of 19,077 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 144,592 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NHS. Readystate Asset Management LP acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $325,000. Rivernorth Capital Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock valued at $8,558,000 after purchasing an additional 1,311,413 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $287,000. Cable Car Capital LP purchased a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $1,455,000. Finally, EP Wealth Advisors LLC purchased a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $71,000.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of Neuberger Berman High Yield Strategies Fund stock traded up $0.02 during trading hours on Friday, reaching $5.97. 98,548 shares of the company’s stock were exchanged, compared to its average volume of 158,064. Neuberger Berman High Yield Strategies Fund has a 1 year low of $5.91 and a 1 year high of $7.75. The business has a fifty day moving average of $6.09 and a two-hundred day moving average of $6.51.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.0905 per share. This represents a c) annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Monday, August 17th.

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.