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

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 Stock Performance

Neuberger Berman High Yield Strategies Fund Dividend Announcement

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 dividend of $0.0905 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.09 annualized dividend and a dividend yield of 14.16%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NHS. J.W. Cole Advisors Inc. increased its position in Neuberger Berman High Yield Strategies Fund by 210.8% in the third quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock worth $770,000 after purchasing an additional 60,262 shares during the period. MRA Advisory Group acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth approximately $109,000. PFG Investments LLC raised its stake 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 buying an additional 10,044 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings 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 buying an additional 6,346 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 20.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 2,534 shares during the last quarter.

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.