Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Shorted: Short Interest Down 35.2% in September

Key Points

• Short interest fell 35.2% to 35,540 shares as of September 30, representing 0.1% of NHS’s outstanding shares and just 0.1 days of average trading volume.
• NHS shares opened at $5.35, near their 52-week low of $5.26 and below both their 50-day ($5.74) and 200-day ($6.10) moving averages.
• The fund declared a monthly dividend of $0.0905, equivalent to an annualized $1.09 payout and a 20.3% yield; several institutional investors also initiated positions during the second quarter.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 35,540 shares, a drop of 35.2% from the September 15th total of 54,819 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 350,107 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman High Yield Strategies Fund Trading Up 0.2%

Shares of NYSEAMERICAN:NHS opened at $5.35 on Friday. The firm's 50 day simple moving average is $5.74 and its 200 day simple moving average is $6.10. Neuberger Berman High Yield Strategies Fund has a fifty-two week low of $5.26 and a fifty-two week high of $7.75.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 20.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds have recently bought and sold shares of NHS. EP Wealth Advisors LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $71,000. Cura Wealth Advisors LLC bought a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth about $77,000. CoreCap Advisors LLC bought a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth about $119,000. Equitable Holdings Inc. acquired a new position in Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $287,000. Finally, Readystate Asset Management LP acquired a new position in Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $325,000.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund, Inc is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in high-yield debt securities and other income-producing investments.

The fund generally invests in below-investment-grade corporate bonds, notes, loans and other fixed-income obligations. These securities may be issued by companies in a range of industries and geographic markets, including the United States and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.