Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Update

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 54,819 shares, a growth of 162.5% from the August 31st total of 20,880 shares. Based on an average daily volume of 183,174 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS opened at $5.47 on Friday. The firm’s fifty day moving average is $5.92 and its two-hundred day moving average is $6.25. Neuberger Berman High Yield Strategies Fund has a one year low of $5.42 and a one year high of $7.75.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 19.9%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at approximately $325,000. Rivernorth Capital Management LLC raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% during the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after purchasing an additional 1,311,413 shares during the last quarter. Equitable Holdings Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $287,000. Cable Car Capital LP acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $1,455,000. Finally, EP Wealth Advisors LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $71,000.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund is managed by Neuberger Berman, an independent investment management firm, and is designed to provide investors with exposure to the high-yield, or below-investment-grade, fixed-income market.

The fund invests primarily in high-yield corporate debt securities, commonly known as “junk bonds,” and may also invest in other income-producing debt instruments.