Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Sees Significant Decrease in Short Interest

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large drop in short interest in 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 350,107 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several large investors have recently bought and sold shares of NHS. EP Wealth Advisors LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth about $71,000. Cura Wealth Advisors LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at about $77,000. CoreCap Advisors LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at about $119,000. Equitable Holdings Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at about $287,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at about $325,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock opened at $5.34 on Friday. Neuberger Berman High Yield Strategies Fund has a 1-year low of $5.26 and a 1-year high of $7.75. The business has a fifty day moving average price of $5.73 and a 200-day moving average price of $6.09.

Neuberger Berman High Yield Strategies Fund Announces Dividend

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

About Neuberger Berman High Yield Strategies Fund

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.