Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Break Above Fifty Day Moving Average – What’s Next?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $5.56 and traded as high as $5.58. Neuberger Berman High Yield Strategies Fund shares last traded at $5.58, with a volume of 114,023 shares traded.

Neuberger Berman High Yield Strategies Fund Trading Up 1.6%

The business has a 50-day moving average price of $5.56 and a 200-day moving average price of $6.34.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.0905 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.09 dividend on an annualized basis and a yield of 19.5%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently bought and sold shares of NHS. Rivernorth Capital Management LLC boosted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after buying an additional 1,311,413 shares during the period. GraniteShares Advisors LLC raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 13.3% during the third quarter. GraniteShares Advisors LLC now owns 445,060 shares of the investment management company’s stock valued at $2,412,000 after acquiring an additional 52,138 shares during the period. Cable Car Capital LP acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter valued at approximately $1,455,000. Shaker Financial Services LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the third quarter valued at approximately $425,000. Finally, Total Wealth Planning & Management Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 16.8% in the 3rd quarter. Total Wealth Planning & Management Inc. now owns 63,400 shares of the investment management company’s stock valued at $344,000 after acquiring an additional 9,098 shares in the last quarter.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund is a closed-end investment company listed on the NYSE American under the ticker symbol NHS. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation by investing primarily in high-yield debt securities.

The fund’s portfolio generally includes corporate bonds and other fixed-income securities rated below investment grade or considered comparable to below-investment-grade securities. These investments may be issued by companies in a range of industries and may include securities issued by U.S.