Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Stock Performance

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0905 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.09 annualized dividend and a dividend yield of 14.27%.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Institutional investors have recently bought and sold shares of the company. MRA Advisory Group bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the third quarter worth about $109,000. B. Riley Wealth Advisors Inc. increased its stake in shares of 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. J.W. Cole Advisors Inc. bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the second quarter worth about $224,000. PFG Investments LLC increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 34.1% in the third 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 during the period. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 17.8% in the third 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 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.