Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.53 and traded as high as $7.55. Neuberger Berman High Yield Strategies Fund shares last traded at $7.38, with a volume of 335,569 shares changing hands.
Neuberger Berman High Yield Strategies Fund Trading Up 0.4%
The business's 50-day moving average price is $7.54 and its 200-day moving average price is $7.55.
Neuberger Berman High Yield Strategies Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.0905 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.09 dividend on an annualized basis and a yield of 14.44%.
Insider Activity
In other news, Portfolio Manager Chris Kocinski acquired 15,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were bought at an average cost of $7.44 per share, with a total value of $111,600.00. Following the purchase, the portfolio manager now 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional Trading of Neuberger Berman High Yield Strategies Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new stake 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 during the fourth quarter worth about $80,000. XTX Topco Ltd purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $88,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at approximately $90,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $115,000.
About Neuberger Berman High Yield Strategies Fund
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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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