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

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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 205,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Shaker Financial Services LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $1,082,000. Invesco Ltd. increased its position in Neuberger Berman High Yield Strategies Fund by 35.5% in the 4th 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. J.W. Cole Advisors Inc. raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 56.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company’s stock valued at $1,044,000 after acquiring an additional 50,519 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $375,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth $362,000.

Neuberger Berman High Yield Strategies Fund Trading Up 0.1 %

Shares of NHS traded up $0.01 during mid-day trading on Tuesday, reaching $7.65. The company had a trading volume of 114,835 shares, compared to its average volume of 141,929. The business’s 50 day moving average price is $7.66. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0905 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.09 dividend on an annualized basis and a yield of 14.20%.

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.