Short Interest in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Drops By 28.2%

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 52,600 shares, a drop of 28.2% from the February 28th total of 73,300 shares. Based on an average daily trading volume, of 205,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its stake in Neuberger Berman High Yield Strategies Fund by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 706,201 shares of the investment management company’s stock valued at $5,289,000 after buying an additional 15,184 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 35.5% during the fourth quarter. Invesco Ltd. now owns 244,739 shares of the investment management company’s stock valued at $1,833,000 after acquiring an additional 64,119 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company’s stock valued at $1,532,000 after purchasing an additional 3,719 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $1,082,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 56.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company’s stock worth $1,044,000 after purchasing an additional 50,519 shares in the last quarter.

Neuberger Berman High Yield Strategies Fund Trading Down 0.1 %

Shares of NYSEAMERICAN:NHS traded down $0.01 during trading on Friday, hitting $7.65. 108,339 shares of the stock were exchanged, compared to its average volume of 141,480. The company has a fifty day moving average price of $7.65. Neuberger Berman High Yield Strategies Fund has a 1-year low of $7.47 and a 1-year high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 14.20%. The ex-dividend date is Monday, March 17th.

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.