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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 157,745 shares, an increase of 153.3% from the November 30th total of 62,269 shares. Based on an average daily volume of 148,168 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 148,168 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth approximately $199,796,000. Invesco Ltd. increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 3.5% in the second quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock worth $1,963,000 after purchasing an additional 8,676 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Neuberger Berman High Yield Strategies Fund by 15.2% in the third quarter. J.W. Cole Advisors Inc. now owns 237,490 shares of the investment management company’s stock worth $1,781,000 after buying an additional 31,298 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 47.4% during the third quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company’s stock valued at $883,000 after buying an additional 37,860 shares during the period. Finally, Harbour Investments Inc. grew its position in Neuberger Berman High Yield Strategies Fund by 22.0% during the second quarter. Harbour Investments Inc. now owns 96,248 shares of the investment management company’s stock worth $730,000 after buying an additional 17,328 shares in the last quarter.

Neuberger Berman High Yield Strategies Fund Stock Up 0.1%

Neuberger Berman High Yield Strategies Fund stock traded up $0.01 during mid-day trading on Friday, reaching $7.17. The company’s stock had a trading volume of 144,825 shares, compared to its average volume of 150,334. The firm’s fifty day moving average price is $7.29 and its two-hundred day moving average price is $7.42. 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 business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 15.1%.

About Neuberger Berman High Yield Strategies Fund

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.