Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Stock Down 1.6%

The company has a 50 day moving average of $6.42 and a 200 day moving average of $7.02.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0905 dividend. This represents a c) annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new stake in Neuberger Berman High Yield Strategies Fund during the third quarter valued at approximately $80,000. Integrity Advisory Solutions LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at approximately $81,000. XTX Topco Ltd acquired a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter valued at approximately $113,000. MRA Advisory Group raised its stake in Neuberger Berman High Yield Strategies Fund by 10.9% during the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after buying an additional 1,693 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Neuberger Berman High Yield Strategies Fund by 18.0% during the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after buying an additional 2,857 shares in 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.