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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 20,880 shares, an increase of 456.4% from the August 15th total of 3,753 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 157,897 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman High Yield Strategies Fund Stock Down 0.4%

NYSEAMERICAN:NHS traded down $0.03 on Friday, reaching $5.86. 31,295 shares of the company’s stock were exchanged, compared to its average volume of 219,890. Neuberger Berman High Yield Strategies Fund has a 52-week low of $5.85 and a 52-week high of $7.75. The business has a fifty day moving average of $6.04 and a 200-day moving average of $6.39.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.0905 dividend. This represents a c) annualized dividend and a yield of 18.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at $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 purchasing an additional 8,676 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $338,000. Osaic Holdings Inc. raised its position 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 in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in Neuberger Berman High Yield Strategies Fund by 14.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 5,219 shares in the last quarter.

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.