Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.42 and traded as low as $5.91. Neuberger Berman High Yield Strategies Fund shares last traded at $5.91, with a volume of 103,171 shares trading hands.

Neuberger Berman High Yield Strategies Fund Trading Down 0.5%

The stock has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $6.41.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0905 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 18.5%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $71,000. Cura Wealth Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at $77,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at $80,000. Integrity Advisory Solutions LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $81,000. Finally, XTX Topco Ltd acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $113,000.

About Neuberger Berman High Yield Strategies Fund

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.