Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Short Interest Up 353.9% in February

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 69,900 shares, an increase of 353.9% from the January 31st total of 15,400 shares. Based on an average daily trading volume, of 196,800 shares, the days-to-cover ratio is presently 0.4 days.

Neuberger Berman High Yield Strategies Fund Stock Up 0.5 %

Shares of Neuberger Berman High Yield Strategies Fund stock traded up $0.04 during trading hours on Friday, hitting $7.84. The company’s stock had a trading volume of 145,623 shares, compared to its average volume of 219,562. Neuberger Berman High Yield Strategies Fund has a twelve month low of $7.47 and a twelve month high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.0905 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 13.85%. The ex-dividend date of this dividend was Tuesday, February 18th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NHS. Ground Swell Capital LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $117,000. Bank of America Corp DE increased its stake in Neuberger Berman High Yield Strategies Fund by 5,270.2% during the fourth quarter. Bank of America Corp DE now owns 34,101 shares of the investment management company’s stock worth $255,000 after purchasing an additional 33,466 shares during the period. Ameriprise Financial Inc. purchased a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $115,000. Shaker Financial Services LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $1,082,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 706,201 shares of the investment management company’s stock valued at $5,289,000 after purchasing an additional 15,184 shares during the period.

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.