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 traded.

Neuberger Berman High Yield Strategies Fund Trading Down 1.6%

The company’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $7.02.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0905 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV raised its position in Neuberger Berman High Yield Strategies Fund by 24.4% during 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 purchasing an additional 2,597 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after buying an additional 156,386 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Neuberger Berman High Yield Strategies Fund by 232.1% during the fourth 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 during the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 worth $553,000 after purchasing an additional 34,387 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of 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 worth $139,000 after purchasing an additional 2,857 shares during 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.