Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.06 and traded as low as $6.31. Neuberger Berman High Yield Strategies Fund shares last traded at $6.36, with a volume of 319,504 shares.

Neuberger Berman High Yield Strategies Fund Stock Performance

The stock’s 50-day moving average price is $6.45 and its 200-day moving average price is $7.06.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the third quarter worth approximately $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth approximately $81,000. XTX Topco Ltd acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $113,000. MRA Advisory Group lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 10.9% during the third 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 in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 18.0% during the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after buying an additional 2,857 shares during the last quarter.

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.