Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Short Interest Jumps 124.2%

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 79,666 shares, a growth of 124.2% from the September 30th total of 35,540 shares. Based on an average daily volume of 287,371 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after acquiring an additional 1,311,413 shares in the last quarter. Cable Car Capital LP purchased a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth about $1,455,000. Shaker Financial Services LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth approximately $425,000. Readystate Asset Management LP bought a new position in Neuberger Berman High Yield Strategies Fund during the second quarter valued at $325,000. Finally, GraniteShares Advisors LLC increased its position in shares of Neuberger Berman High Yield Strategies Fund by 13.3% during the third quarter. GraniteShares Advisors LLC now owns 445,060 shares of the investment management company’s stock worth $2,412,000 after acquiring an additional 52,138 shares during the period.

Neuberger Berman High Yield Strategies Fund Trading Down 0.9%

Neuberger Berman High Yield Strategies Fund stock opened at $5.49 on Friday. Neuberger Berman High Yield Strategies Fund has a 52 week low of $5.26 and a 52 week high of $7.75. The business’s 50-day simple moving average is $5.60 and its 200-day simple moving average is $6.38.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were paid a $0.0905 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 19.8%. The ex-dividend date was Thursday, October 15th.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund is a closed-end investment company listed on the NYSE American under the ticker symbol NHS. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation by investing primarily in high-yield debt securities.

The fund’s portfolio generally includes corporate bonds and other fixed-income securities rated below investment grade or considered comparable to below-investment-grade securities. These investments may be issued by companies in a range of industries and may include securities issued by U.S.