Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Short Interest Jumps 124.2%

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 79,666 shares, a growth of 124.2% from the September 30th total of 35,540 shares. Based on an average trading volume of 287,371 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS traded down $0.05 during trading on Friday, hitting $5.49. The stock had a trading volume of 301,102 shares, compared to its average volume of 307,809. The firm has a 50 day moving average price of $5.60 and a 200 day moving average price of $6.38. Neuberger Berman High Yield Strategies Fund has a twelve month low of $5.26 and a twelve month high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a dividend yield of 19.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Large investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. boosted its position in Neuberger Berman High Yield Strategies Fund by 16.8% in the 3rd quarter. Total Wealth Planning & Management Inc. now owns 63,400 shares of the investment management company’s stock valued at $344,000 after buying an additional 9,098 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the second quarter worth $71,000. Cura Wealth Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the second quarter worth $77,000. CoreCap Advisors LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $119,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $287,000.

Neuberger Berman High Yield Strategies Fund Company Profile

(Get Free Report)

Neuberger Berman High Yield Strategies Fund is a closed-end investment company listed on the NYSE American under the ticker symbol NHS. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation by investing primarily in high-yield debt securities.

The fund’s portfolio generally includes corporate bonds and other fixed-income securities rated below investment grade or considered comparable to below-investment-grade securities. These investments may be issued by companies in a range of industries and may include securities issued by U.S.

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