Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Down 87.6% in May

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 26,125 shares, a decrease of 87.6% from the May 14th total of 209,992 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 258,135 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NYSEAMERICAN NHS traded up $0.02 during trading hours on Wednesday, hitting $6.30. 147,084 shares of the stock were exchanged, compared to its average volume of 242,409. The company’s fifty day simple moving average is $6.42 and its two-hundred day simple moving average is $7.01. Neuberger Berman High Yield Strategies Fund has a 1-year low of $6.13 and a 1-year high of $7.75.

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Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 17.2%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC increased its position in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after acquiring an additional 156,386 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $2,832,000. Invesco Ltd. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 3.5% during the second 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 in the last quarter. Ameriprise Financial Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 47.4% during the third quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company’s stock worth $883,000 after acquiring an additional 37,860 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock worth $816,000 after acquiring an additional 3,930 shares in the last quarter.

About Neuberger Berman High Yield Strategies Fund

(Get Free Report)

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.

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