Short Interest in Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Declines By 49.7%

Key Points

• Short interest plunged 49.7% to 19,077 shares as of July 31, representing just 0.1% of NHS’s outstanding stock and 0.1 days to cover.
• Several institutional investors recently initiated positions, including XTX Topco, Integrity Advisory Solutions, Mercer Global Advisors, Cura Wealth Advisors, and EP Wealth Advisors.
• NHS shares slipped 0.2% to $6.09, near the lower end of their 12-month range, while the fund announced a monthly dividend of $0.0905 per share, implying an annualized yield of 17.8%.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 19,077 shares, a drop of 49.7% from the July 15th total of 37,892 shares. Based on an average daily trading volume, of 180,745 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company's stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $71,000. Cura Wealth Advisors LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at about $77,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at about $80,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $81,000. Finally, XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $113,000.

Neuberger Berman High Yield Strategies Fund Trading Down 0.2%

NYSEAMERICAN NHS traded down $0.01 during trading on Friday, hitting $6.09. The stock had a trading volume of 77,886 shares, compared to its average volume of 163,289. Neuberger Berman High Yield Strategies Fund has a 12 month low of $5.97 and a 12 month high of $7.75. The company's 50-day moving average price is $6.14 and its two-hundred day moving average price is $6.62.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.0905 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 17.8%.

About Neuberger Berman High Yield Strategies Fund

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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