Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Passes Below 200 Day Moving Average - Here's What Happened

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.60 and traded as low as $7.56. Neuberger Berman High Yield Strategies Fund shares last traded at $7.59, with a volume of 115,319 shares changing hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The company's 50 day moving average is $7.45 and its 200 day moving average 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. Investors of record on Monday, June 16th will be paid a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a yield of 14.38%. The ex-dividend date is Monday, June 16th.

Insider Activity at Neuberger Berman High Yield Strategies Fund

In other Neuberger Berman High Yield Strategies Fund news, Portfolio Manager Chris Kocinski purchased 15,000 shares of the stock in a transaction on Thursday, May 29th. The shares were purchased at an average price of $7.44 per share, with a total value of $111,600.00. Following the acquisition, the portfolio manager now directly owns 15,000 shares of the company's stock, valued at $111,600. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 706,201 shares of the investment management company's stock worth $5,289,000 after purchasing an additional 15,184 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2.3% in the 1st quarter. Invesco Ltd. now owns 250,268 shares of the investment management company's stock worth $1,912,000 after purchasing an additional 5,529 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company's stock worth $1,532,000 after purchasing an additional 3,719 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 43.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 199,955 shares of the investment management company's stock worth $1,528,000 after purchasing an additional 60,586 shares during the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $1,082,000.

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.