Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Down 87.6% in May

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 26,125 shares, a decline of 87.6% from the May 14th total of 209,992 shares. Based on an average daily volume of 258,135 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Neuberger Berman High Yield Strategies Fund Stock Up 0.3%

NHS traded up $0.02 during midday trading on Wednesday, reaching $6.30. The company had a trading volume of 147,084 shares, compared to its average volume of 242,409. Neuberger Berman High Yield Strategies Fund has a 12-month low of $6.13 and a 12-month high of $7.75. The business has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $7.01.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0905 dividend. This represents a c) dividend on an annualized basis and a yield of 17.2%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $113,000. Invesco Ltd. increased its holdings in Neuberger Berman High Yield Strategies Fund by 3.5% during the 2nd quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock worth $1,963,000 after acquiring an additional 8,676 shares during the period. Balyasny Asset Management L.P. bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $338,000. Osaic Holdings Inc. increased its holdings in 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 acquiring an additional 16,324 shares during the period. Finally, MRA Advisory Group increased its holdings in 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 acquiring an additional 1,693 shares during the period.

About Neuberger Berman High Yield Strategies Fund

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.