Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 15,400 shares, a decrease of 52.8% from the January 15th total of 32,600 shares. Based on an average daily trading volume, of 197,000 shares, the days-to-cover ratio is presently 0.1 days.
Neuberger Berman High Yield Strategies Fund Stock Performance
Shares of NHS traded up $0.05 during mid-day trading on Monday, hitting $7.87. 185,716 shares of the company's stock were exchanged, compared to its average volume of 247,668. Neuberger Berman High Yield Strategies Fund has a twelve month low of $7.47 and a twelve month high of $8.67.
Neuberger Berman High Yield Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0905 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.09 dividend on an annualized basis and a yield of 13.80%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. acquired a new position in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $77,000. Aristides Capital LLC bought a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $80,000. XTX Topco Ltd bought a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $88,000. Apollon Wealth Management LLC bought a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $109,000. Finally, MRA Advisory Group boosted its holdings in Neuberger Berman High Yield Strategies Fund by 16.1% in the 4th quarter. MRA Advisory Group now owns 14,624 shares of the investment management company's stock valued at $110,000 after purchasing an additional 2,030 shares during the period.
About Neuberger Berman High Yield Strategies Fund
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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.
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