Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Short Interest Up 353.9% in February

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 69,900 shares, a growth of 353.9% from the January 31st total of 15,400 shares. Based on an average daily trading volume, of 196,800 shares, the days-to-cover ratio is presently 0.4 days.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of Neuberger Berman High Yield Strategies Fund stock traded up $0.04 during trading on Friday, hitting $7.84. 145,623 shares of the company’s stock were exchanged, compared to its average volume of 219,562. 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 company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.0905 dividend. This represents a $1.09 annualized dividend and a dividend yield of 13.85%. The ex-dividend date of this dividend was Tuesday, February 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NHS. MRA Advisory Group grew its stake 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 acquiring an additional 2,030 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Neuberger Berman High Yield Strategies Fund by 5.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock worth $332,000 after purchasing an additional 2,247 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Neuberger Berman High Yield Strategies Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company’s stock valued at $1,532,000 after buying an additional 3,719 shares in the last quarter. Harbour Investments Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 16.6% in the 4th quarter. Harbour Investments Inc. now owns 70,136 shares of the investment management company’s stock valued at $525,000 after buying an additional 9,973 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $77,000.

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.