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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 292,537 shares, a decrease of 72.3% from the April 15th total of 1,057,887 shares. Based on an average daily volume of 178,977 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.9% of the company’s stock are sold short.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NHS traded up $0.02 during mid-day trading on Wednesday, hitting $6.46. 202,617 shares of the company’s stock were exchanged, compared to its average volume of 247,322. The firm has a fifty day moving average of $6.71 and a two-hundred day moving average of $7.16. Neuberger Berman High Yield Strategies Fund has a twelve month low of $6.26 and a twelve month high of $7.80.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0905 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 16.8%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NHS. Mercer Global Advisors Inc. ADV acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth $80,000. Integrity Advisory Solutions LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth $81,000. CoreCap Advisors LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth $94,000. XTX Topco Ltd bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $113,000. Finally, MRA Advisory Group boosted its holdings in shares of 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 worth $129,000 after buying 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.