Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Passes Below 200-Day Moving Average - What's Next?

Key Points

• Neuberger Berman High Yield Strategies Fund's stock price fell below its 200-day moving average of $7.50, trading at $7.49 during Friday's session.
• The fund announced a monthly dividend of $0.0905 per share, with a yield of 14.5%, to be paid on September 30th to investors of record as of September 15th.
• Recent insider trading activity included Portfolio Manager Chris Kocinski acquiring 6,000 shares at an average cost of $7.40, increasing his position by 40% to a total of 21,000 shares.

Shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.50 and traded as low as $7.49. Neuberger Berman High Yield Strategies Fund shares last traded at $7.51, with a volume of 170,585 shares.

Neuberger Berman High Yield Strategies Fund Trading Down 0.9%

The firm has a fifty day moving average of $7.48 and a 200-day moving average of $7.50.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a yield of 14.5%.

Insider Transactions at Neuberger Berman High Yield Strategies Fund

In other news, Portfolio Manager Chris Kocinski acquired 6,000 shares of Neuberger Berman High Yield Strategies Fund stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of $7.40 per share, with a total value of $44,400.00. Following the completion of the acquisition, the portfolio manager owned 21,000 shares in the company, valued at $155,400. This trade represents a 40.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $90,000. XTX Topco Ltd purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at $113,000. Ameriprise Financial Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at $115,000. AlphaCore Capital LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the first quarter valued at $199,000. Finally, Apollon Wealth Management LLC grew its position in shares of Neuberger Berman High Yield Strategies Fund by 100.1% in the second quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company's stock valued at $220,000 after purchasing an additional 14,547 shares during the period.

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.

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