Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Short Interest Up 49.1% in August

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 135,100 shares, an increase of 49.1% from the August 15th total of 90,600 shares. Based on an average daily volume of 116,300 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in Neuberger Berman High Yield Strategies Fund by 20.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after buying an additional 2,534 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at $224,000. Cetera Advisors LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 1st quarter valued at $263,000. SeaCrest Wealth Management LLC raised its position in shares of Neuberger Berman High Yield Strategies Fund by 4.2% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 35,688 shares of the investment management company’s stock worth $279,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Harbour Investments Inc. lifted 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 worth $502,000 after purchasing an additional 4,475 shares during the last quarter.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock traded down $0.12 during mid-day trading on Monday, reaching $8.19. The company had a trading volume of 86,000 shares, compared to its average volume of 105,121. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.95 and a 12 month high of $8.40.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.0905 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.09 annualized dividend and a yield of 13.26%.

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.