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

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

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHS. SeaCrest Wealth Management LLC lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 2,247 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $109,000. Wolverine Asset Management LLC bought a new position in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $362,000. J.W. Cole Advisors Inc. grew its holdings in 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 valued at $1,044,000 after buying an additional 50,519 shares in the last quarter. Finally, Robinson Capital Management LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at approximately $187,000.

Neuberger Berman High Yield Strategies Fund Trading Down 0.1 %

NYSEAMERICAN:NHS opened at $7.80 on Friday. Neuberger Berman High Yield Strategies Fund has a 52-week low of $7.47 and a 52-week high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 13.92%.

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.