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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Neuberger Berman High Yield Strategies Fund Price Performance

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

Neuberger Berman High Yield Strategies Fund Announces Dividend

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

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its position in Neuberger Berman High Yield Strategies Fund by 24.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock valued at $99,000 after buying an additional 2,597 shares in the last quarter. Guggenheim Capital LLC boosted its position in Neuberger Berman High Yield Strategies Fund by 38.0% in the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock valued at $4,225,000 after buying an additional 156,386 shares in the last quarter. Cetera Investment Advisers boosted its position in 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 valued at $274,000 after buying an additional 25,777 shares in the last quarter. Osaic Holdings Inc. boosted its position in 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 valued at $553,000 after buying an additional 34,387 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Neuberger Berman High Yield Strategies Fund by 18.0% in the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after buying an additional 2,857 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.