Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.85 and traded as low as $6.18. Neuberger Berman High Yield Strategies Fund shares last traded at $6.21, with a volume of 112,312 shares.

Neuberger Berman High Yield Strategies Fund Stock Up 0.3%

The stock has a 50-day simple moving average of $6.29 and a 200 day simple moving average of $6.84.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.0905 per share. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $119,000. Mercer Global Advisors Inc. ADV lifted its stake 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 worth $99,000 after acquiring an additional 2,597 shares during the last quarter. Guggenheim Capital LLC lifted its stake 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 worth $4,225,000 after acquiring an additional 156,386 shares during the last quarter. Cetera Investment Advisers grew its holdings in Neuberger Berman High Yield Strategies Fund by 232.1% during the 4th quarter. Cetera Investment Advisers now owns 36,883 shares of the investment management company’s stock worth $274,000 after acquiring an additional 25,777 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Neuberger Berman High Yield Strategies Fund by 86.2% during the 4th quarter. Osaic Holdings Inc. now owns 74,294 shares of the investment management company’s stock worth $553,000 after acquiring an additional 34,387 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.