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

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

Neuberger Berman High Yield Strategies Fund Trading Down 0.9%

NYSEAMERICAN:NHS traded down $0.05 during midday trading on Friday, reaching $5.49. The company had a trading volume of 301,102 shares, compared to its average volume of 307,809. The stock’s fifty day simple moving average is $5.60 and its 200-day simple moving average is $6.38. Neuberger Berman High Yield Strategies Fund has a 12-month low of $5.26 and a 12-month high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GraniteShares Advisors LLC grew its holdings in 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. Total Wealth Planning & Management Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 16.8% in the third quarter. Total Wealth Planning & Management Inc. now owns 63,400 shares of the investment management company’s stock worth $344,000 after acquiring an additional 9,098 shares during the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the third quarter worth about $425,000. Readystate Asset Management LP acquired a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $325,000. Finally, Rivernorth Capital Management LLC grew its position in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock valued at $8,558,000 after purchasing an additional 1,311,413 shares during the period.

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.