Short Interest in Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Grows By 456.4%

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,880 shares, a growth of 456.4% from the August 15th total of 3,753 shares. Based on an average daily volume of 157,897 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Neuberger Berman High Yield Strategies Fund Trading Down 0.5%

Shares of Neuberger Berman High Yield Strategies Fund stock traded down $0.03 on Friday, hitting $5.85. 114,906 shares of the company traded hands, compared to its average volume of 138,565. Neuberger Berman High Yield Strategies Fund has a 52 week low of $5.85 and a 52 week high of $7.75. The business has a 50-day simple moving average of $6.04 and a 200 day simple moving average of $6.39.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0905 dividend. This represents a c) dividend on an annualized basis and a yield of 18.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC grew its position in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% during the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock valued at $8,558,000 after purchasing an additional 1,311,413 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Neuberger Berman High Yield Strategies Fund by 38.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock valued at $4,225,000 after buying an additional 156,386 shares during the last quarter. Invesco Ltd. boosted its stake in Neuberger Berman High Yield Strategies Fund by 3.5% during the second quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock valued at $1,963,000 after buying an additional 8,676 shares during the last quarter. Cable Car Capital LP purchased a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at approximately $1,455,000. Finally, Ameriprise Financial Inc. grew its holdings in Neuberger Berman High Yield Strategies Fund by 47.4% during the 3rd 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 in the last quarter.

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.