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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.11 and traded as low as $6.15. Neuberger Berman High Yield Strategies Fund shares last traded at $6.25, with a volume of 342,463 shares.

Neuberger Berman High Yield Strategies Fund Stock Performance

The business has a fifty day moving average of $6.50 and a 200-day moving average of $7.09.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 17.3%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in the business. MRA Advisory Group boosted 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 during the period. Mercer Global Advisors Inc. ADV boosted its stake in Neuberger Berman High Yield Strategies Fund by 24.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock valued at $99,000 after buying an additional 2,597 shares during the period. Kestra Advisory Services LLC boosted 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 during the period. Equitable Holdings Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 7.3% during the third quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock valued at $370,000 after buying an additional 3,343 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 3.7% during the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after buying an additional 3,930 shares during the period.

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.