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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 292,537 shares, a decrease of 72.3% from the April 15th total of 1,057,887 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 178,977 shares, the short-interest ratio is presently 1.6 days.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of NYSEAMERICAN NHS traded up $0.02 during trading hours on Wednesday, hitting $6.46. 202,617 shares of the stock were exchanged, compared to its average volume of 247,322. The company’s 50 day moving average is $6.71 and its 200 day moving average is $7.16. Neuberger Berman High Yield Strategies Fund has a one year low of $6.26 and a one year high of $7.80.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 16.8%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently bought and sold shares of NHS. XTX Topco Ltd bought a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $113,000. Invesco Ltd. boosted its holdings in Neuberger Berman High Yield Strategies Fund by 3.5% in the 2nd quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock valued at $1,963,000 after purchasing an additional 8,676 shares during the period. Balyasny Asset Management L.P. bought a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $338,000. Osaic Holdings Inc. boosted its holdings in Neuberger Berman High Yield Strategies Fund by 112.6% in the 2nd quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 16,324 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at $94,000.

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.