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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 157,745 shares, a growth of 153.3% from the November 30th total of 62,269 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 148,168 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 148,168 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NYSEAMERICAN:NHS traded up $0.01 during trading on Friday, reaching $7.17. 144,825 shares of the company traded hands, compared to its average volume of 150,334. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.62 and a 52 week high of $7.94. The company’s 50 day moving average is $7.29 and its two-hundred day moving average is $7.42.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 15.1%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in Neuberger Berman High Yield Strategies Fund in the third quarter valued at approximately $80,000. CoreCap Advisors LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at $94,000. XTX Topco Ltd bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $113,000. MRA Advisory Group increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 10.9% in the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 100.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company’s stock worth $220,000 after buying an additional 14,547 shares in 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.