Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.70 and traded as low as $5.99. Neuberger Berman High Yield Strategies Fund shares last traded at $6.02, with a volume of 145,222 shares changing hands.

Neuberger Berman High Yield Strategies Fund Trading Up 0.2%

The company has a fifty day moving average price of $6.19 and a 200 day moving average price of $6.69.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.0905 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 17.9%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its position in Neuberger Berman High Yield Strategies Fund by 38.0% in the 4th 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. GraniteShares Advisors LLC bought a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at approximately $2,832,000. Invesco Ltd. raised its position in Neuberger Berman High Yield Strategies Fund by 3.5% in the 2nd quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock worth $1,963,000 after purchasing an additional 8,676 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 47.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company’s stock valued at $883,000 after acquiring an additional 37,860 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Neuberger Berman High Yield Strategies Fund by 3.7% in the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after purchasing an additional 3,930 shares during 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.