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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,819 shares, an increase of 162.5% from the August 31st total of 20,880 shares. Based on an average daily volume of 183,174 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Neuberger Berman High Yield Strategies Fund Stock Down 1.3%

Shares of NHS stock traded down $0.07 on Monday, reaching $5.40. 379,226 shares of the company were exchanged, compared to its average volume of 228,223. Neuberger Berman High Yield Strategies Fund has a 1 year low of $5.37 and a 1 year high of $7.75. The business has a 50-day moving average price of $5.92 and a 200 day moving average price of $6.24.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a yield of 20.1%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NHS. Rivernorth Capital Management LLC boosted 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 last quarter. Cable Car Capital LP acquired a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $1,455,000. Harbour Investments Inc. lifted its holdings in Neuberger Berman High Yield Strategies Fund by 3.7% in the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after purchasing an additional 3,930 shares in the last quarter. Readystate Asset Management LP purchased a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $325,000. Finally, Equitable Holdings Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $287,000.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund is managed by Neuberger Berman, an independent investment management firm, and is designed to provide investors with exposure to the high-yield, or below-investment-grade, fixed-income market.

The fund invests primarily in high-yield corporate debt securities, commonly known as “junk bonds,” and may also invest in other income-producing debt instruments.