Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Update

Key Points

• Short interest surged to 2,590,322 shares as of March 31 — a 1,144.6% increase from March 15 — equal to 8.3% of shares outstanding and a 4.4 days-to-cover ratio.
• The fund announced a monthly dividend of $0.0905 payable April 30 (ex-dividend and record date April 7), implying an annualized yield of 16.8%.
• NHS closed at $6.48 on the latest trading day, trading below its 50- and 200-day moving averages ($7.18 and $7.30) and near its one-year low on lighter-than-average volume.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 2,590,322 shares, a growth of 1,144.6% from the March 15th total of 208,127 shares. Based on an average daily volume of 591,794 shares, the days-to-cover ratio is presently 4.4 days. Currently, 8.3% of the company's stock are sold short.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS traded down $0.01 on Friday, reaching $6.48. The stock had a trading volume of 271,098 shares, compared to its average volume of 517,730. The business has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.30. Neuberger Berman High Yield Strategies Fund has a 1 year low of $6.26 and a 1 year high of $7.80.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.0905 dividend. The ex-dividend date is Tuesday, April 7th. This represents a c) dividend on an annualized basis and a yield of 16.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth about $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth about $81,000. CoreCap Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth about $94,000. XTX Topco Ltd acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $113,000. Finally, MRA Advisory Group lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 10.9% during the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company's stock worth $129,000 after purchasing an additional 1,693 shares during the last quarter.

Neuberger Berman High Yield Strategies Fund Company Profile

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.

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