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

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 65,700 shares, an increase of 24.9% from the March 15th total of 52,600 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 199,100 shares, the days-to-cover ratio is currently 0.3 days.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of NHS traded down $0.05 during mid-day trading on Friday, reaching $7.38. 85,991 shares of the company were exchanged, compared to its average volume of 146,840. The business has a 50 day simple moving average of $7.58 and a two-hundred day simple moving average of $7.62. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.62 and a 52 week high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.09 annualized dividend and a yield of 14.72%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $77,000. Aristides Capital LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $80,000. XTX Topco Ltd bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $88,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at $90,000. Finally, Apollon Wealth Management LLC bought a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $109,000.

About Neuberger Berman High Yield Strategies Fund

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.