Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Short Interest Down 23.6% in October

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 84,300 shares, a decrease of 23.6% from the October 15th total of 110,400 shares. Based on an average trading volume of 141,500 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. increased its stake in Neuberger Berman High Yield Strategies Fund by 210.8% in the third quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock valued at $770,000 after purchasing an additional 60,262 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 7.5% during the 2nd quarter. Harbour Investments Inc. now owns 64,132 shares of the investment management company’s stock valued at $502,000 after acquiring an additional 4,475 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 17.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after acquiring an additional 6,346 shares during the period. PFG Investments LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 34.1% in the third quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock worth $343,000 after acquiring an additional 10,044 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund in the first quarter valued at approximately $263,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS traded down $0.13 during midday trading on Friday, reaching $7.71. 331,726 shares of the company’s stock were exchanged, compared to its average volume of 118,592. Neuberger Berman High Yield Strategies Fund has a 1-year low of $7.30 and a 1-year high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 14.09%. The ex-dividend date is Friday, November 15th.

Neuberger Berman High Yield Strategies Fund Company Profile

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.