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

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 84,300 shares, a decline of 23.6% from the October 15th total of 110,400 shares. Based on an average daily trading volume, of 141,500 shares, the days-to-cover ratio is currently 0.6 days.

Neuberger Berman High Yield Strategies Fund Stock Down 1.6 %

Shares of NYSEAMERICAN NHS traded down $0.13 during midday trading on Friday, reaching $7.71. 331,726 shares of the company’s stock were exchanged, compared to its average volume of 118,592. Neuberger Berman High Yield Strategies Fund has a 52-week low of $7.30 and a 52-week high of $8.67.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.09 annualized dividend and a dividend yield of 14.09%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. increased its stake in Neuberger Berman High Yield Strategies Fund by 210.8% during the third quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock valued at $770,000 after purchasing an additional 60,262 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 1st quarter worth about $263,000. MRA Advisory Group acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at about $109,000. PFG Investments LLC grew its position in shares of Neuberger Berman High Yield Strategies Fund by 34.1% during the 3rd quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock valued at $343,000 after buying an additional 10,044 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in Neuberger Berman High Yield Strategies Fund by 17.8% during the third quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after acquiring an additional 6,346 shares during the period.

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.