Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.02 and traded as low as $6.30. Neuberger Berman High Yield Strategies Fund shares last traded at $6.30, with a volume of 174,996 shares.

Neuberger Berman High Yield Strategies Fund Stock Performance

The stock has a fifty day simple moving average of $6.42 and a 200-day simple moving average of $7.02.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 17.2%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new position in Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth about $80,000. Integrity Advisory Solutions LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $81,000. XTX Topco Ltd bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at about $113,000. MRA Advisory Group grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 10.9% in the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 18.0% in the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after acquiring an additional 2,857 shares in the last quarter.

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.