Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)’s share price crossed 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.

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. Stockholders of record on Wednesday, January 15th will be paid a $0.0905 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NHS. MRA Advisory Group acquired a new stake in Neuberger Berman High Yield Strategies Fund in the third quarter worth $109,000. B. Riley Wealth Advisors Inc. increased its position in shares of Neuberger Berman High Yield Strategies Fund by 20.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after buying an additional 2,534 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth $224,000. PFG Investments LLC lifted its holdings in 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 acquiring an additional 10,044 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in Neuberger Berman High Yield Strategies Fund by 17.8% in the third quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock valued at $364,000 after acquiring an additional 6,346 shares during the period.

Neuberger Berman High Yield Strategies Fund Company Profile

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.