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) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 135,100 shares, a growth of 49.1% from the August 15th total of 90,600 shares. Based on an average daily trading volume, of 116,300 shares, the short-interest ratio is presently 1.2 days.

Neuberger Berman High Yield Strategies Fund Price Performance

NYSEAMERICAN:NHS traded down $0.12 during mid-day trading on Monday, reaching $8.19. The company’s stock 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 declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a yield of 13.26%. The ex-dividend date of this dividend is Monday, September 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC increased its stake in Neuberger Berman High Yield Strategies Fund by 4.2% during the second 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 during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 20.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 2,534 shares during the last quarter. Harbour Investments Inc. increased its position 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 purchasing an additional 4,475 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at $224,000. Finally, Cetera Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund in the first quarter worth $263,000.

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.