Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Sees Significant Decrease in Short Interest

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 15,400 shares, a drop of 52.8% from the January 15th total of 32,600 shares. Based on an average daily trading volume, of 197,000 shares, the short-interest ratio is presently 0.1 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NHS stock traded up $0.07 during trading hours on Thursday, reaching $7.82. 325,764 shares of the stock were exchanged, compared to its average volume of 242,823. Neuberger Berman High Yield Strategies Fund has a 12-month low of $7.47 and a 12-month high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.09 annualized dividend and a dividend yield of 13.89%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC increased its stake in Neuberger Berman High Yield Strategies Fund by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 2,247 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 210.8% during the third quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock worth $770,000 after buying an additional 60,262 shares during the last quarter. PFG Investments LLC increased its position in Neuberger Berman High Yield Strategies Fund by 34.1% in the 3rd quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock valued at $343,000 after acquiring an additional 10,044 shares during the period. MRA Advisory Group raised its stake in Neuberger Berman High Yield Strategies Fund by 16.1% during the 4th quarter. MRA Advisory Group now owns 14,624 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 2,030 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $375,000.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.