Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,372 shares, a decrease of 64.4% from the May 14th total of 54,440 shares. Based on an average daily volume of 182,009 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund
Large investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the first quarter valued at $39,000. Bank of America Corp DE increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in the first 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 in the last quarter. Saba Capital Management L.P. increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during the 1st quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock worth $18,319,000 after purchasing an additional 326,572 shares in the last quarter. Quantedge Capital Pte Ltd increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 29.4% during the 1st quarter. Quantedge Capital Pte Ltd now owns 26,861 shares of the investment management company’s stock worth $282,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.9% during the 1st quarter. Sanctuary Advisors LLC now owns 96,590 shares of the investment management company’s stock worth $1,015,000 after purchasing an additional 7,879 shares in the last quarter.
Neuberger Berman Energy Infrastructure and Income Fund Stock Performance
NML stock traded up $0.04 during midday trading on Friday, reaching $10.18. The stock had a trading volume of 130,074 shares, compared to its average volume of 175,223. The firm has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.55. Neuberger Berman Energy Infrastructure and Income Fund has a 52-week low of $7.89 and a 52-week high of $10.71.
Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement
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.
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