Chris Kocinski Buys 15,000 Shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Stock

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) Portfolio Manager Chris Kocinski purchased 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was acquired at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the completion of the purchase, the portfolio manager now owns 15,000 shares of the company's stock, valued at approximately $111,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neuberger Berman High Yield Strategies Fund Stock Down 0.4%

NHS traded down $0.03 during trading on Tuesday, reaching $7.53. 166,105 shares of the stock were exchanged, compared to its average volume of 153,710. Neuberger Berman High Yield Strategies Fund Inc. has a 1 year low of $6.62 and a 1 year high of $8.67. The business's 50 day moving average price is $7.45 and its two-hundred day moving average price is $7.60.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.0905 per share. This represents a $1.09 dividend on an annualized basis and a yield of 14.42%. The ex-dividend date of this dividend is Monday, June 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth $77,000. Aristides Capital LLC acquired a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at $80,000. XTX Topco Ltd purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $88,000. Wealth Enhancement Advisory Services LLC purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $90,000. Finally, Apollon Wealth Management LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $109,000.

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.