Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $5.56 and traded as high as $5.58. Neuberger Berman High Yield Strategies Fund shares last traded at $5.58, with a volume of 114,023 shares.

Neuberger Berman High Yield Strategies Fund Stock Up 1.6%

The firm has a fifty day moving average price of $5.56 and a 200 day moving average price of $6.34.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.0905 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.09 annualized dividend and a yield of 19.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC raised its stake in 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 worth $8,558,000 after acquiring an additional 1,311,413 shares during the last quarter. GraniteShares Advisors LLC increased its position in Neuberger Berman High Yield Strategies Fund by 13.3% during the 3rd quarter. GraniteShares Advisors LLC now owns 445,060 shares of the investment management company’s stock worth $2,412,000 after purchasing an additional 52,138 shares in the last quarter. Cable Car Capital LP purchased a new position in Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $1,455,000. Shaker Financial Services LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the third quarter worth $425,000. Finally, Total Wealth Planning & Management Inc. increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 16.8% during 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 acquiring an additional 9,098 shares during the period.

About Neuberger Berman High Yield Strategies Fund

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.