Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.55 and traded as low as $5.93. Neuberger Berman High Yield Strategies Fund shares last traded at $5.96, with a volume of 177,062 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The stock’s 50 day moving average price is $6.10 and its 200 day moving average price is $6.54.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 18.2%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NHS. XTX Topco Ltd bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at $113,000. Invesco Ltd. raised its stake in Neuberger Berman High Yield Strategies Fund by 3.5% in the second quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock valued at $1,963,000 after buying an additional 8,676 shares during the period. Balyasny Asset Management L.P. bought a new stake in Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $338,000. Osaic Holdings Inc. increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 112.6% during the 2nd quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock worth $234,000 after acquiring an additional 16,324 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in Neuberger Berman High Yield Strategies Fund by 14.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 5,219 shares during the last quarter.

About Neuberger Berman High Yield Strategies Fund

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.