Shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.60 and traded as low as $7.34. Neuberger Berman High Yield Strategies Fund shares last traded at $7.38, with a volume of 143,022 shares traded.
Neuberger Berman High Yield Strategies Fund Stock Up 0.1%
The company's fifty day simple moving average is $7.46 and its 200-day simple moving average is $7.60.
Neuberger Berman High Yield Strategies Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a $0.0905 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.09 annualized dividend and a yield of 14.58%.
Insider Activity
In other Neuberger Berman High Yield Strategies Fund news, Portfolio Manager Chris Kocinski purchased 15,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were bought at an average price of $7.44 per share, with a total value of $111,600.00. Following the completion of the transaction, the portfolio manager now directly owns 15,000 shares in the company, valued at $111,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $109,000. J.W. Cole Advisors Inc. grew its position in Neuberger Berman High Yield Strategies Fund by 56.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company's stock valued at $1,044,000 after acquiring an additional 50,519 shares during the last quarter. Truist Financial Corp bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $152,000. Robinson Capital Management LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at approximately $187,000. Finally, Wolverine Asset Management LLC bought a new position in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at approximately $362,000.
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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