Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• The Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) saw its share price fall below its 200-day moving average of $7.53, trading as low as $7.43.
• A dividend of $0.0905 per share is set to be paid on August 29th, representing an impressive yield of 1,460.0%.
• Portfolio Manager Chris Kocinski increased their stake in the fund by purchasing 6,000 shares at an average price of $7.40, boosting their ownership by 40%.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.53 and traded as low as $7.43. Neuberger Berman High Yield Strategies Fund shares last traded at $7.45, with a volume of 149,816 shares trading hands.

Neuberger Berman High Yield Strategies Fund Price Performance

The business's 50-day simple moving average is $7.49 and its 200-day simple moving average is $7.53.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 1,460.0%.

Insider Activity

In other news, Portfolio Manager Chris Kocinski purchased 6,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average price of $7.40 per share, with a total value of $44,400.00. Following the purchase, the portfolio manager owned 21,000 shares in the company, valued at $155,400. This represents a 40.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in NHS. Wells Fargo & Company MN boosted its holdings 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 purchasing an additional 3,719 shares in the last quarter. Invesco Ltd. raised its holdings in 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 acquiring an additional 5,529 shares during the period. J.W. Cole Advisors Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 3.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 206,192 shares of the investment management company's stock valued at $1,563,000 after purchasing an additional 6,237 shares during the period. Harbour Investments Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 12.5% in the first quarter. Harbour Investments Inc. now owns 78,920 shares of the investment management company's stock valued at $603,000 after acquiring an additional 8,784 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth $88,000.

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.