Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.67. Neuberger Berman High Yield Strategies Fund shares last traded at $7.67, with a volume of 244,652 shares traded.

Neuberger Berman High Yield Strategies Fund Trading Up 1.2 %

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0905 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.09 dividend on an annualized basis and a yield of 14.16%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in Neuberger Berman High Yield Strategies Fund by 20.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock worth $116,000 after purchasing an additional 2,534 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 17.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after purchasing an additional 6,346 shares in the last quarter. PFG Investments LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 34.1% in the 3rd quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock worth $343,000 after purchasing an additional 10,044 shares in the last quarter. MRA Advisory Group purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter worth approximately $109,000. Finally, J.W. Cole Advisors Inc. bought a new position in Neuberger Berman High Yield Strategies Fund during the 2nd quarter valued at approximately $224,000.

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.