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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty 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 trading hands.

Neuberger Berman High Yield Strategies Fund Stock Up 1.6%

The business’s 50 day moving average price is $5.56 and its two-hundred day moving average price is $6.34.

Neuberger Berman High Yield Strategies Fund Announces Dividend

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

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several large investors have recently modified their holdings of the company. Rivernorth Capital Management LLC raised its stake in Neuberger Berman High Yield Strategies Fund by 2,185.7% during the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock valued at $8,558,000 after buying an additional 1,311,413 shares in the last quarter. Cable Car Capital LP bought a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth about $1,455,000. Shaker Financial Services LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the third quarter valued at about $425,000. Readystate Asset Management LP purchased a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at about $325,000. Finally, GraniteShares Advisors LLC boosted its stake in Neuberger Berman High Yield Strategies Fund by 13.3% during the third quarter. GraniteShares Advisors LLC now owns 445,060 shares of the investment management company’s stock valued at $2,412,000 after buying an additional 52,138 shares during the period.

About Neuberger Berman High Yield Strategies Fund

(Get Free Report)

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.

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