Short Interest in Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Drops By 49.7%

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 19,077 shares, a drop of 49.7% from the July 15th total of 37,892 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 180,745 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in NHS. Mercer Global Advisors Inc. ADV bought a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter valued at $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at $81,000. EP Wealth Advisors LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter valued at about $71,000. Cura Wealth Advisors LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter valued at about $77,000. Finally, XTX Topco Ltd acquired a new stake in Neuberger Berman High Yield Strategies Fund in the second quarter worth about $113,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS remained flat at $6.01 on Tuesday. 132,405 shares of the company’s stock traded hands, compared to its average volume of 228,868. Neuberger Berman High Yield Strategies Fund has a 1 year low of $5.97 and a 1 year high of $7.75. The firm’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $6.61.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.0905 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 18.1%.

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.