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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.35 and traded as low as $6.32. Neuberger Berman High Yield Strategies Fund shares last traded at $6.48, with a volume of 490,283 shares.

Neuberger Berman High Yield Strategies Fund Stock Performance

The firm’s 50 day simple moving average is $7.33 and its 200-day simple moving average is $7.35.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.0905 per share. The ex-dividend date is Tuesday, April 7th. This represents a c) dividend on an annualized basis and a dividend yield of 16.8%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its position in Neuberger Berman High Yield Strategies Fund by 24.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after acquiring an additional 2,597 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 38.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock valued at $4,225,000 after purchasing an additional 156,386 shares during the period. Cetera Investment Advisers lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 232.1% in the fourth quarter. Cetera Investment Advisers now owns 36,883 shares of the investment management company’s stock worth $274,000 after purchasing an additional 25,777 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 86.2% in the fourth quarter. Osaic Holdings Inc. now owns 74,294 shares of the investment management company’s stock worth $553,000 after purchasing an additional 34,387 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings 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 purchasing an additional 2,857 shares during the period.

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.