Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Sees Significant Drop in Short Interest

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 23,477 shares, a decline of 74.3% from the July 15th total of 91,252 shares. Based on an average trading volume of 117,388 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

NML traded up $0.02 during trading hours on Thursday, hitting $10.67. 75,419 shares of the stock were exchanged, compared to its average volume of 161,336. The stock has a 50-day simple moving average of $10.18 and a 200-day simple moving average of $10.05. Neuberger Berman Energy Infrastructure and Income Fund has a 12 month low of $7.89 and a 12 month high of $10.95.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, August 17th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is -227.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NML. Cetera Investment Advisers grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock valued at $378,000 after buying an additional 3,261 shares during the last quarter. Invesco Ltd. boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 91.6% in the second quarter. Invesco Ltd. now owns 86,186 shares of the investment management company’s stock valued at $776,000 after acquiring an additional 41,205 shares during the period. NewEdge Advisors LLC boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the second quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock valued at $1,503,000 after acquiring an additional 119,226 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.2% during the second quarter. Ameriprise Financial Inc. now owns 246,471 shares of the investment management company’s stock valued at $2,218,000 after purchasing an additional 18,747 shares during the last quarter. Finally, Monetary Management Group Inc. grew its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

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.