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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 37,892 shares, an increase of 200.7% from the June 30th total of 12,601 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 141,845 shares, the short-interest ratio is presently 0.3 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of NYSEAMERICAN NHS traded down $0.01 during midday trading on Monday, reaching $6.00. 93,603 shares of the company were exchanged, compared to its average volume of 235,863. The stock’s 50-day moving average price is $6.22 and its 200-day moving average price is $6.76. Neuberger Berman High Yield Strategies Fund has a one year low of $5.98 and a one year high of $7.75.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 18.1%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NHS. GraniteShares Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth approximately $2,832,000. Guggenheim Capital LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 38.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock valued at $4,225,000 after purchasing an additional 156,386 shares during the last quarter. Shaker Financial Services LLC bought a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $402,000. Total Wealth Planning & Management Inc. bought a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $337,000. Finally, Balyasny Asset Management L.P. bought a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter valued at $338,000.

Neuberger Berman High Yield Strategies Fund Company Profile

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.