Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Cross Below 200-Day Moving Average – Time to Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.40 and traded as low as $7.34. Neuberger Berman High Yield Strategies Fund shares last traded at $7.39, with a volume of 94,239 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Up 0.7%

The firm’s fifty day moving average is $7.28 and its two-hundred day moving average is $7.40.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently bought and sold shares of NHS. Balyasny Asset Management L.P. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth approximately $338,000. StoneX Group Inc. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at approximately $296,000. Ameriprise Financial Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 47.4% during the third quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company’s stock valued at $883,000 after purchasing an additional 37,860 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Neuberger Berman High Yield Strategies Fund by 15.2% in the third quarter. J.W. Cole Advisors Inc. now owns 237,490 shares of the investment management company’s stock worth $1,781,000 after purchasing an additional 31,298 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in Neuberger Berman High Yield Strategies Fund by 71.2% in the third quarter. Apollon Wealth Management LLC now owns 49,777 shares of the investment management company’s stock worth $373,000 after purchasing an additional 20,695 shares in 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.