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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 35,540 shares, a drop of 35.2% from the September 15th total of 54,819 shares. Based on an average daily volume of 350,107 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of Neuberger Berman High Yield Strategies Fund stock opened at $5.35 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 $5.74 and its 200 day simple moving average is $6.10.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.0905 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.09 annualized dividend and a yield of 20.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $71,000. Cura Wealth Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $77,000. CoreCap Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $119,000. Equitable Holdings Inc. acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $287,000. Finally, Readystate Asset Management LP acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $325,000.

Neuberger Berman High Yield Strategies Fund Company Profile

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

The fund generally invests in below-investment-grade corporate bonds, notes, loans and other fixed-income obligations. These securities may be issued by companies in a range of industries and geographic markets, including the United States and international markets.