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

Key Points

• Short interest surged 162.5% to 54,819 shares as of September 15, representing 0.2% of NHS’s outstanding stock and 0.3 days of average trading volume.
• Institutional activity was largely positive, with several firms initiating positions and RiverNorth Capital Management increasing its holdings by 2,185.7% to 1.37 million shares.
• NHS shares opened at $5.47, near their 12-month low, while the fund announced a monthly dividend of $0.0905 per share, equivalent to a 19.9% annualized yield.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 54,819 shares, a growth of 162.5% from the August 31st total of 20,880 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily trading volume, of 183,174 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of large investors have recently made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $119,000. EP Wealth Advisors LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $71,000. Readystate Asset Management LP purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $325,000. Equitable Holdings Inc. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $287,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company's stock valued at $8,558,000 after acquiring an additional 1,311,413 shares during the period.

Neuberger Berman High Yield Strategies Fund Trading Up 0.6%

Shares of NYSEAMERICAN:NHS opened at $5.47 on Friday. Neuberger Berman High Yield Strategies Fund has a 12 month low of $5.42 and a 12 month high of $7.75. The company's fifty day moving average price is $5.92 and its 200 day moving average price is $6.25.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0905 dividend. This represents a $1.09 annualized dividend and a dividend yield of 19.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund is managed by Neuberger Berman, an independent investment management firm, and is designed to provide investors with exposure to the high-yield, or below-investment-grade, fixed-income market.

The fund invests primarily in high-yield corporate debt securities, commonly known as “junk bonds,” and may also invest in other income-producing debt instruments.

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