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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,753 shares, a decline of 80.3% from the July 30th total of 19,077 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 144,592 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently added to or reduced their stakes in NHS. Rivernorth Capital Management LLC grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after acquiring an additional 1,311,413 shares during the period. Cable Car Capital LP purchased a new stake in Neuberger Berman High Yield Strategies Fund in the second quarter worth approximately $1,455,000. Guggenheim Capital LLC grew its position 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 during the period. Readystate Asset Management LP bought a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth approximately $325,000. Finally, Equitable Holdings Inc. purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at $287,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock remained flat at $5.95 during trading on Thursday. 99,306 shares of the company traded hands, compared to its average volume of 225,968. Neuberger Berman High Yield Strategies Fund has a one year low of $5.91 and a one year high of $7.75. The stock has a 50-day simple moving average of $6.09 and a 200 day simple moving average of $6.53.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.0905 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%.

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.