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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 187,743 shares, a growth of 104.2% from the December 31st total of 91,944 shares. Based on an average daily volume of 140,712 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 140,712 shares, the days-to-cover ratio is currently 1.3 days.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of NHS stock opened at $7.60 on Friday. Neuberger Berman High Yield Strategies Fund has a fifty-two week low of $6.62 and a fifty-two week high of $7.94. The firm’s 50 day moving average price is $7.32 and its two-hundred day moving average price is $7.40.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a dividend of $0.0905 per share. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 14.3%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in NHS. Apollon Wealth Management LLC lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 100.1% during the second quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company’s stock worth $220,000 after purchasing an additional 14,547 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 22.0% during the 2nd quarter. Harbour Investments Inc. now owns 96,248 shares of the investment management company’s stock valued at $730,000 after buying an additional 17,328 shares during the period. XTX Topco Ltd acquired a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $113,000. J.W. Cole Advisors Inc. lifted its position in Neuberger Berman High Yield Strategies Fund by 3.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 206,192 shares of the investment management company’s stock worth $1,563,000 after acquiring an additional 6,237 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Neuberger Berman High Yield Strategies Fund by 3.5% in the 2nd quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock worth $1,963,000 after acquiring an additional 8,676 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.