Hedge Funds Are Crazy About Neuberger Berman High Yield Strateges Fd (NHS)

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Mariner Investment Group, managed by William Michaelcheck, assembled the biggest position in Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS). Mariner Investment Group had $0.4 million invested in the company at the end of the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS) but similarly valued. We will take a look at Northrim BanCorp, Inc. (NASDAQ:NRIM), Denison Mines Corp (NYSEMKT:DNN), Control4 Corp (NASDAQ:CTRL), and Mattersight Corporation (NASDAQ:MATR). All of these stocks’ market caps match Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS)’s market cap.

As you can see, these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $22 million in Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS)’s case. Northrim BanCorp, Inc. (NASDAQ:NRIM) is the most popular stock in this table. On the other hand, Denison Mines Corp (NYSEMKT:DNN) is the least popular one with only 4 bullish hedge fund positions. Neuberger Berman High Yield Strateges Fd (NYSEMKT:NHS) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Northrim BanCorp, Inc. (NASDAQ:NRIM) might be a better candidate to consider a long position.