Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.14 and traded as low as $5.36. Neuberger Berman High Yield Strategies Fund shares last traded at $5.42, with a volume of 188,569 shares.

Neuberger Berman High Yield Strategies Fund Price Performance

The business’s 50 day moving average price is $5.80 and its 200-day moving average price is $6.13.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0905 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.09 annualized dividend and a yield of 20.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at approximately $71,000. Cura Wealth Advisors LLC acquired a new position in Neuberger Berman High Yield Strategies Fund in the second quarter worth $77,000. CoreCap Advisors LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter valued at $119,000. Equitable Holdings Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $287,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $325,000.

About Neuberger Berman High Yield Strategies Fund

(Get Free Report)

Neuberger Berman High Yield Strategies Fund, Inc is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in high-yield debt securities and other income-producing investments.

The fund generally invests in below-investment-grade corporate bonds, notes, loans and other fixed-income obligations. These securities may be issued by companies in a range of industries and geographic markets, including the United States and international markets.

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