Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Sees Significant Decrease in Short Interest

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 79.3% from the December 31st total of 15,000 shares. Based on an average trading volume of 151,000 shares, the short-interest ratio is currently 0.0 days.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS traded up $0.07 on Friday, hitting $7.69. 228,329 shares of the company's stock were exchanged, compared to its average volume of 228,752. Neuberger Berman High Yield Strategies Fund has a 52 week low of $7.47 and a 52 week high of $8.67.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a dividend yield of 14.12%. The ex-dividend date was Wednesday, January 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently added to or reduced their stakes in NHS. J.W. Cole Advisors Inc. increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 56.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company's stock valued at $1,044,000 after buying an additional 50,519 shares during the period. SeaCrest Wealth Management LLC increased its position in Neuberger Berman High Yield Strategies Fund by 5.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company's stock valued at $332,000 after acquiring an additional 2,247 shares during the period. PFG Investments LLC raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 34.1% during the third quarter. PFG Investments LLC now owns 39,541 shares of the investment management company's stock valued at $343,000 after acquiring an additional 10,044 shares during the last quarter. Robinson Capital Management LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $187,000. Finally, Truist Financial Corp acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $152,000.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.