Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of 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 $7.06 and traded as low as $6.31. Neuberger Berman High Yield Strategies Fund shares last traded at $6.36, with a volume of 319,504 shares trading hands.

Neuberger Berman High Yield Strategies Fund Price Performance

The company has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $7.06.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date was Friday, May 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NHS. Mercer Global Advisors Inc. ADV purchased a new stake in Neuberger Berman High Yield Strategies Fund in the third quarter worth $80,000. Integrity Advisory Solutions LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund in the fourth quarter worth $81,000. XTX Topco Ltd purchased a new stake in Neuberger Berman High Yield Strategies Fund in the second quarter worth $113,000. MRA Advisory Group grew its stake in Neuberger Berman High Yield Strategies Fund by 10.9% in the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock worth $129,000 after purchasing an additional 1,693 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in 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 period.

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.