Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Up 82.2% in June

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 47,607 shares, a growth of 82.2% from the May 31st total of 26,125 shares. Based on an average daily volume of 174,336 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 24.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after purchasing an additional 2,597 shares during the last quarter. Kestra Advisory Services LLC raised its position in Neuberger Berman High Yield Strategies Fund by 18.0% during the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,857 shares during the last quarter. Equitable Holdings Inc. raised its position in Neuberger Berman High Yield Strategies Fund by 7.3% during the 3rd quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock worth $370,000 after purchasing an additional 3,343 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Neuberger Berman High Yield Strategies Fund by 3.7% during the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock worth $816,000 after buying an additional 3,930 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in Neuberger Berman High Yield Strategies Fund by 14.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock worth $322,000 after buying an additional 5,219 shares during the period.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NHS opened at $6.21 on Friday. The company’s fifty day moving average is $6.31 and its 200-day moving average is $6.88. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.06 and a 12 month high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.0905 per share. This represents a c) annualized dividend and a dividend yield of 17.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.