Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Cross Below 200 Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.05 and traded as low as $5.28. Neuberger Berman High Yield Strategies Fund shares last traded at $5.34, with a volume of 328,939 shares changing hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The business’s 50 day moving average price is $5.65 and its 200 day moving average price is $6.05.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a yield of 20.3%. The ex-dividend date is Thursday, October 15th.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently modified their holdings of the company. Rivernorth Capital Management LLC increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock valued at $8,558,000 after purchasing an additional 1,311,413 shares in the last quarter. Cable Car Capital LP acquired a new stake in Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $1,455,000. Shaker Financial Services LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the third quarter valued at approximately $425,000. Total Wealth Planning & Management Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 16.8% in the third quarter. Total Wealth Planning & Management Inc. now owns 63,400 shares of the investment management company’s stock valued at $344,000 after buying an additional 9,098 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $325,000.

Neuberger Berman High Yield Strategies Fund Company Profile

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.