Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Sees Significant Decrease in Short Interest

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 108,604 shares, a drop of 36.5% from the January 29th total of 170,972 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 161,429 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 161,429 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GraniteShares Advisors LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $2,832,000. Guggenheim Capital LLC lifted its stake in Neuberger Berman High Yield Strategies Fund by 38.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after purchasing an additional 156,386 shares in the last quarter. Shaker Financial Services LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $402,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $337,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $338,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of Neuberger Berman High Yield Strategies Fund stock traded down $0.01 during midday trading on Friday, hitting $7.72. The company had a trading volume of 166,039 shares, compared to its average volume of 149,229. The company has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $7.43. Neuberger Berman High Yield Strategies Fund has a 12-month low of $6.62 and a 12-month high of $7.94.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.0905 dividend. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend was Tuesday, February 17th.

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.