Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) have crossed below their 200-day moving average of $7.53, trading as low as $7.32 recently.
• The company announced a dividend of $0.0905, representing a yield of 1,460.0%, which will be paid on August 29th to shareholders of record on August 18th.
• Portfolio Manager Chris Kocinski recently increased his ownership by purchasing 15,000 shares at an average price of $7.44 each, totaling $111,600.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.53 and traded as low as $7.32. Neuberger Berman High Yield Strategies Fund shares last traded at $7.36, with a volume of 154,550 shares traded.

Neuberger Berman High Yield Strategies Fund Stock Performance

The company has a 50-day moving average of $7.45 and a two-hundred day moving average of $7.53.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

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

Insider Buying and Selling at Neuberger Berman High Yield Strategies Fund

In related news, Portfolio Manager Chris Kocinski purchased 15,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were bought at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the acquisition, the portfolio manager directly owned 15,000 shares in the company, valued at $111,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of large investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth about $199,796,000. Invesco Ltd. raised its holdings in shares of 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 worth $1,963,000 after purchasing an additional 8,676 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 3.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 206,192 shares of the investment management company's stock worth $1,563,000 after purchasing an additional 6,237 shares during the period. Harbour Investments Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 22.0% in the 2nd quarter. Harbour Investments Inc. now owns 96,248 shares of the investment management company's stock worth $730,000 after purchasing an additional 17,328 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $375,000.

About Neuberger Berman High Yield Strategies Fund

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.