Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Up 155.6% in September

Key Points

• Short interest in Neuberger Berman High Yield Strategies Fund increased by 155.6% in September, reaching a total of 138,000 shares as of September 15th.
• The fund's stock traded down 0.8% to $7.40, with a one-year trading range between a low of $6.62 and a high of $8.57.
• The fund announced a monthly dividend of $0.0905 per share, payable on October 31st, representing an annualized yield of 14.7%.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 138,000 shares, an increase of 155.6% from the August 31st total of 54,000 shares. Based on an average daily trading volume, of 165,100 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 165,100 shares, the short-interest ratio is currently 0.8 days.

Neuberger Berman High Yield Strategies Fund Stock Down 0.8%

Neuberger Berman High Yield Strategies Fund stock traded down $0.06 during trading hours on Friday, hitting $7.40. The company had a trading volume of 244,028 shares, compared to its average volume of 212,064. Neuberger Berman High Yield Strategies Fund has a one year low of $6.62 and a one year high of $8.57. The firm has a 50-day moving average of $7.49 and a 200 day moving average of $7.50.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 14.7%.

Insider Activity at Neuberger Berman High Yield Strategies Fund

In other news, Portfolio Manager Chris Kocinski bought 6,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were bought at an average cost of $7.40 per share, with a total value of $44,400.00. Following the acquisition, the portfolio manager owned 21,000 shares in the company, valued at $155,400. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several large investors have recently made changes to their positions in NHS. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $199,796,000. J.W. Cole Advisors Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 43.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 199,955 shares of the investment management company's stock worth $1,528,000 after acquiring an additional 60,586 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $338,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 1st quarter worth approximately $313,000. Finally, StoneX Group Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $296,000.

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.

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