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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 284,117 shares, an increase of 1,110.2% from the July 30th total of 23,477 shares. Based on an average trading volume of 161,635 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NML. Ameritas Advisory Services LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 2nd quarter worth approximately $33,000. Knollwood Investment Advisory LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.0% in the second quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock valued at $802,000 after buying an additional 1,526 shares in the last quarter. Western Wealth Management LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter worth $39,000. Bank of America Corp DE raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after acquiring an additional 240,841 shares in the last quarter. Finally, Saba Capital Management L.P. raised 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 worth $18,319,000 after acquiring an additional 326,572 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.11 during trading on Wednesday, reaching $10.50. The stock had a trading volume of 55,672 shares, compared to its average volume of 159,912. The stock has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.15. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $7.89 and a 52 week high of $10.95.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.0701 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 8.0%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

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.