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

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 52,600 shares, a drop of 28.2% from the February 28th total of 73,300 shares. Based on an average trading volume of 205,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN:NHS traded down $0.01 during mid-day trading on Monday, hitting $7.64. 196,435 shares of the company traded hands, compared to its average volume of 141,699. The company has a fifty day moving average of $7.65. Neuberger Berman High Yield Strategies Fund has a one year low of $7.47 and a one year high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.0905 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at approximately $90,000. Ground Swell Capital LLC purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at $117,000. Bank of America Corp DE increased its holdings in Neuberger Berman High Yield Strategies Fund by 5,270.2% in the 4th quarter. Bank of America Corp DE now owns 34,101 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 33,466 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth $115,000. Finally, Shaker Financial Services LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at about $1,082,000.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.