Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Short Interest Jumps 124.2%

Key Points

• Short interest more than doubled to 79,666 shares as of October 15, up 124.2% from September 30, though only about 0.3% of NHS shares were sold short.
• NHS shares fell 0.9% to $5.49, trading below both their 50-day and 200-day moving averages and near the lower end of their 52-week range.
• The fund announced a monthly dividend of $0.0905 per share, equivalent to an annualized $1.09 payout and a reported 19.8% yield.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 79,666 shares, a growth of 124.2% from the September 30th total of 35,540 shares. Based on an average trading volume of 287,371 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company's shares are short sold.

Neuberger Berman High Yield Strategies Fund Trading Down 0.9%

Neuberger Berman High Yield Strategies Fund stock traded down $0.05 during mid-day trading on Friday, hitting $5.49. The company's stock had a trading volume of 301,102 shares, compared to its average volume of 307,809. The stock's fifty day moving average is $5.60 and its two-hundred day moving average is $6.38. Neuberger Berman High Yield Strategies Fund has a 1 year low of $5.26 and a 1 year high of $7.75.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.0905 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.09 dividend on an annualized basis and a yield of 19.8%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at approximately $71,000. Cura Wealth Advisors LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $77,000. CoreCap Advisors LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $119,000. Equitable Holdings Inc. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $287,000. Finally, Readystate Asset Management LP acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at approximately $325,000.

About Neuberger Berman High Yield Strategies Fund

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

The fund's portfolio generally includes corporate bonds and other fixed-income securities rated below investment grade or considered comparable to below-investment-grade securities. These investments may be issued by companies in a range of industries and may include securities issued by U.S.

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