Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Update

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,590,322 shares, a growth of 1,144.6% from the March 15th total of 208,127 shares. Currently, 8.3% of the shares of the company are sold short. Based on an average daily volume of 591,794 shares, the days-to-cover ratio is currently 4.4 days.

Neuberger Berman High Yield Strategies Fund Trading Down 0.2%

Shares of NYSEAMERICAN:NHS traded down $0.01 during mid-day trading on Friday, reaching $6.48. The company had a trading volume of 271,098 shares, compared to its average volume of 517,730. The company’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.29. Neuberger Berman High Yield Strategies Fund has a one year low of $6.26 and a one year high of $7.80.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a $0.0905 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date of this dividend is Tuesday, April 7th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter valued at $80,000. Integrity Advisory Solutions LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at $81,000. CoreCap Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter valued at $94,000. XTX Topco Ltd bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at $113,000. Finally, MRA Advisory Group raised its holdings in Neuberger Berman High Yield Strategies Fund by 10.9% during the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after acquiring an additional 1,693 shares during the period.

Neuberger Berman High Yield Strategies Fund Company Profile

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.