Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Up 101.5% in February

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 218,788 shares, an increase of 101.5% from the February 12th total of 108,604 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 151,647 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 151,647 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the company’s shares are sold short.

Neuberger Berman High Yield Strategies Fund Stock Down 3.7%

NYSEAMERICAN:NHS traded down $0.27 during trading hours on Friday, reaching $6.96. 1,233,534 shares of the stock were exchanged, compared to its average volume of 157,050. Neuberger Berman High Yield Strategies Fund has a twelve month low of $6.62 and a twelve month high of $7.80. The business has a 50-day moving average of $7.52 and a two-hundred day moving average of $7.44.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a c) annualized dividend and a yield of 15.6%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth about $113,000. J.W. Cole Advisors Inc. grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 3.1% in the second quarter. J.W. Cole Advisors Inc. now owns 206,192 shares of the investment management company’s stock valued at $1,563,000 after purchasing an additional 6,237 shares in the last quarter. Invesco Ltd. increased its stake 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 buying an additional 8,676 shares during the period. StoneX Group Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $296,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $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.