Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Shares Shorted: Short Interest Down 65.2% in September

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 55,283 shares, a drop of 65.2% from the September 15th total of 158,666 shares. Based on an average daily volume of 134,055 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after purchasing an additional 240,841 shares during the last quarter. Saba Capital Management L.P. lifted its holdings 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 valued at $18,319,000 after buying an additional 326,572 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 239,902 shares of the investment management company’s stock valued at $2,521,000 after buying an additional 6,804 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% in the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after buying an additional 59,367 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.9% in the 1st quarter. Sanctuary Advisors LLC now owns 96,590 shares of the investment management company’s stock valued at $1,015,000 after buying an additional 7,879 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

NML traded down $0.22 on Wednesday, reaching $10.11. 132,394 shares of the company traded hands, compared to its average volume of 155,954. The stock’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.26. Neuberger Berman Energy Infrastructure and Income Fund has a 52-week low of $7.89 and a 52-week high of $10.98.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0701 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.3%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

(Get Free Report)

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide current income and long-term total return by investing primarily in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded securities associated with the transportation, storage, processing and distribution of energy commodities.

Further Reading

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