Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Update

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 154,521 shares, a drop of 45.6% from the August 15th total of 284,117 shares. Based on an average trading volume of 155,126 shares, the short-interest ratio is currently 1.0 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 1.1%

Shares of NML stock traded up $0.12 during mid-day trading on Thursday, hitting $10.57. 320,431 shares of the stock traded hands, compared to its average volume of 160,566. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.89 and a twelve month high of $10.98. The company’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $10.25.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0701 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock valued at $40,227,000 after buying an additional 240,841 shares during the period. Saba Capital Management L.P. boosted its position in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during the first quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock valued at $18,319,000 after purchasing an additional 326,572 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at about $1,004,000. Soltis Investment Advisors LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at about $153,000. Finally, UBS Group AG increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in the 4th quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock worth $7,245,000 after purchasing an additional 4,775 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.