Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.79 and traded as low as $6.11. Neuberger Berman High Yield Strategies Fund shares last traded at $6.12, with a volume of 68,514 shares changing hands.

Neuberger Berman High Yield Strategies Fund Stock Up 0.2%

The company’s 50 day moving average price is $6.24 and its two-hundred day moving average price is $6.79.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 17.7%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently made changes to their positions in the business. Equitable Holdings Inc. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 7.3% in the third quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock worth $370,000 after buying an additional 3,343 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 14.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock valued at $322,000 after acquiring an additional 5,219 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 232.1% in the 4th quarter. Cetera Investment Advisers now owns 36,883 shares of the investment management company’s stock worth $274,000 after buying an additional 25,777 shares in the last quarter. Osaic Holdings Inc. grew its position in Neuberger Berman High Yield Strategies Fund by 112.6% in the second quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock worth $234,000 after acquiring an additional 16,324 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% in the 4th 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.

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.