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

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a decline of 79.3% from the December 31st total of 15,000 shares. Based on an average daily volume of 151,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of large investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 210.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock worth $770,000 after purchasing an additional 60,262 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at $109,000. MRA Advisory Group purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the third quarter worth $109,000. PFG Investments LLC increased its holdings 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 in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Neuberger Berman High Yield Strategies Fund by 17.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after purchasing an additional 6,346 shares during the last quarter.

Neuberger Berman High Yield Strategies Fund Stock Performance

Neuberger Berman High Yield Strategies Fund stock traded down $0.01 during midday trading on Tuesday, hitting $7.59. 219,053 shares of the company’s stock were exchanged, compared to its average volume of 253,638. 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 14.31%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.