Short Interest in Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Grows By 82.2%

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 47,607 shares, an increase of 82.2% from the May 31st total of 26,125 shares. Based on an average daily trading volume, of 174,336 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NHS stock opened at $6.21 on Friday. Neuberger Berman High Yield Strategies Fund has a 52-week low of $6.06 and a 52-week high of $7.75. The stock’s 50-day moving average price is $6.31 and its 200 day moving average price is $6.88.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter worth $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $81,000. XTX Topco Ltd purchased a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth about $113,000. Kestra Advisory Services LLC raised its holdings in Neuberger Berman High Yield Strategies Fund by 18.0% during the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,857 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in Neuberger Berman High Yield Strategies Fund by 112.6% in the second quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 16,324 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.