Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Down 41.7% in December

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 91,944 shares, a drop of 41.7% from the December 15th total of 157,745 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 255,731 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 255,731 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Neuberger Berman High Yield Strategies Fund Trading Down 1.3%

NYSEAMERICAN:NHS traded down $0.10 during mid-day trading on Thursday, hitting $7.36. 82,529 shares of the company’s stock traded hands, compared to its average volume of 133,035. The company has a fifty day moving average of $7.30 and a 200 day moving average of $7.41. Neuberger Berman High Yield Strategies Fund has a twelve month low of $6.62 and a twelve month high of $7.94.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.0905 per share. This represents a c) annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently made changes to their positions in NHS. SeaCrest Wealth Management LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 14.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock valued at $322,000 after buying an additional 5,219 shares during the period. MRA Advisory Group raised its stake in Neuberger Berman High Yield Strategies Fund by 10.9% in the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after buying an additional 1,693 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Neuberger Berman High Yield Strategies Fund by 15.2% in the third quarter. J.W. Cole Advisors Inc. now owns 237,490 shares of the investment management company’s stock valued at $1,781,000 after purchasing an additional 31,298 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the third quarter valued at approximately $94,000. Finally, Osaic Holdings Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 112.6% during the 2nd quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock worth $234,000 after buying an additional 16,324 shares during the last quarter.

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.