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 significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 35,540 shares, a decrease of 35.2% from the September 15th total of 54,819 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 350,107 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman High Yield Strategies Fund Stock Down 0.2%

Shares of NHS stock traded down $0.01 during trading hours on Friday, reaching $5.34. The stock had a trading volume of 466,263 shares, compared to its average volume of 316,388. The firm has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.09. Neuberger Berman High Yield Strategies Fund has a twelve month low of $5.26 and a twelve month high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.0905 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.09 annualized dividend and a dividend yield of 20.3%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at approximately $119,000. Cura Wealth Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at $77,000. Cable Car Capital LP acquired a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $1,455,000. EP Wealth Advisors LLC acquired a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $71,000. Finally, Rivernorth Capital Management LLC boosted its position in Neuberger Berman High Yield Strategies Fund by 2,185.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after acquiring an additional 1,311,413 shares during the period.

Neuberger Berman High Yield Strategies Fund Company Profile

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.