Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Short Interest Down 43.1% in March

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 169,200 shares, a drop of 43.1% from the February 29th total of 297,200 shares. Based on an average daily volume of 112,100 shares, the days-to-cover ratio is currently 1.5 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NYSEAMERICAN:NHS remained flat at $8.09 during trading on Thursday. 39,506 shares of the stock were exchanged, compared to its average volume of 103,158. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.95 and a 12 month high of $9.17.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.09 annualized dividend and a yield of 13.42%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Worth Asset Management LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 1st quarter worth about $50,000. Quarry LP acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the first quarter valued at approximately $55,000. Envestnet Portfolio Solutions Inc. bought a new position in Neuberger Berman High Yield Strategies Fund in the third quarter valued at about $81,000. Brown Advisory Inc. bought a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $85,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter worth $87,000.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.