Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.61 and traded as low as $7.47. Neuberger Berman High Yield Strategies Fund shares last traded at $7.51, with a volume of 91,304 shares changing hands.
Neuberger Berman High Yield Strategies Fund Trading Down 0.1%
The stock has a 50 day moving average of $7.50 and a 200-day moving average of $7.61.
Neuberger Berman High Yield Strategies Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.09 annualized dividend and a dividend yield of 14.46%.
Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund
Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in Neuberger Berman High Yield Strategies Fund by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company's stock worth $1,532,000 after acquiring an additional 3,719 shares during the period. Invesco Ltd. raised 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 valued at $1,912,000 after purchasing an additional 5,529 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 12.5% in the 1st quarter. Harbour Investments Inc. now owns 78,920 shares of the investment management company's stock valued at $603,000 after purchasing an additional 8,784 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $77,000. Finally, Aristides Capital LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at approximately $80,000.
About Neuberger Berman High Yield Strategies Fund
(
Get Free Report)
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.
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