Shares of Neuberger Berman High Yield Strategies Fund (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 $6.64 and traded as low as $6.06. Neuberger Berman High Yield Strategies Fund shares last traded at $6.10, with a volume of 114,093 shares trading hands.
Neuberger Berman High Yield Strategies Fund Price Performance
The business's 50-day moving average price is $6.16 and its 200 day moving average price is $6.64.
Neuberger Berman High Yield Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.0905 dividend. This represents a c) annualized dividend and a yield of 17.8%. The ex-dividend date is Monday, August 17th.
Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC increased its position in Neuberger Berman High Yield Strategies Fund by 38.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company's stock worth $4,225,000 after buying an additional 156,386 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $2,832,000. Invesco Ltd. raised its stake in Neuberger Berman High Yield Strategies Fund by 3.5% in the 2nd quarter. Invesco Ltd. now owns 258,944 shares of the investment management company's stock valued at $1,963,000 after acquiring an additional 8,676 shares during the period. Ameriprise Financial Inc. raised its stake in Neuberger Berman High Yield Strategies Fund by 47.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company's stock valued at $883,000 after acquiring an additional 37,860 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in Neuberger Berman High Yield Strategies Fund by 3.7% during the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company's stock valued at $816,000 after purchasing an additional 3,930 shares during the last quarter.
About Neuberger Berman High Yield Strategies Fund
(
Get Free Report)
The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.
Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.
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