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

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

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NYSEAMERICAN NHS opened at $6.22 on Thursday. Neuberger Berman High Yield Strategies Fund has a one year low of $6.06 and a one year high of $7.75. The business has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $6.89.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.0905 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in Neuberger Berman High Yield Strategies Fund by 24.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 2,597 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Neuberger Berman High Yield Strategies Fund by 18.0% in the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after buying an additional 2,857 shares in the last quarter. Equitable Holdings Inc. boosted its stake in shares of 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 valued at $370,000 after buying an additional 3,343 shares during the period. Harbour Investments Inc. boosted its stake in shares of 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 valued at $816,000 after buying an additional 3,930 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of 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 valued at $322,000 after buying an additional 5,219 shares during the period.

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.