Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Update

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,601 shares, a drop of 73.5% from the June 15th total of 47,607 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 336,404 shares, the days-to-cover ratio is presently 0.0 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock traded up $0.02 during midday trading on Friday, hitting $6.23. 139,218 shares of the company’s stock were exchanged, compared to its average volume of 228,654. The stock’s fifty day moving average price is $6.29 and its 200-day moving average price is $6.84. Neuberger Berman High Yield Strategies Fund has a one year low of $6.06 and a one year high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 17.4%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently modified their holdings of NHS. GraniteShares Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $2,832,000. Guggenheim Capital LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after buying an additional 156,386 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $402,000. Total Wealth Planning & Management Inc. bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $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 about $338,000.

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.