Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Short Interest Update
by Doug Wharley · The Cerbat GemNeuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 157,745 shares, a growth of 153.3% from the November 30th total of 62,269 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 148,168 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 148,168 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV bought a new stake in Neuberger Berman High Yield Strategies Fund in the third quarter valued at $80,000. CoreCap Advisors LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the third quarter valued at $94,000. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $113,000. MRA Advisory Group grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 10.9% in the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock worth $129,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 100.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company’s stock worth $220,000 after purchasing an additional 14,547 shares during the last quarter.
Neuberger Berman High Yield Strategies Fund Stock Performance
NYSEAMERICAN NHS traded up $0.01 on Friday, reaching $7.17. The company’s stock had a trading volume of 144,825 shares, compared to its average volume of 150,334. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.62 and a 52 week high of $7.94. The business has a 50-day moving average price of $7.29 and a 200 day moving average price of $7.42.
Neuberger Berman High Yield Strategies Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%.
Neuberger Berman High Yield Strategies Fund Company Profile
The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.
Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.