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

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.67. Neuberger Berman High Yield Strategies Fund shares last traded at $7.67, with a volume of 244,652 shares changing hands.

Neuberger Berman High Yield Strategies Fund Price Performance

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.09 annualized dividend and a yield of 14.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MRA Advisory Group bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the third quarter worth approximately $109,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 20.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock worth $116,000 after purchasing an additional 2,534 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth approximately $224,000. PFG Investments LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 34.1% during the third quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock worth $343,000 after purchasing an additional 10,044 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 17.8% during the third quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after purchasing an additional 6,346 shares during the period.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.