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:NMLGet Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 114,113 shares, a growth of 489.1% from the May 31st total of 19,372 shares. Based on an average daily trading volume, of 140,815 shares, the days-to-cover ratio is presently 0.8 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Down 1.1%

NML traded down $0.11 during trading hours on Friday, hitting $9.78. The company’s stock had a trading volume of 138,418 shares, compared to its average volume of 171,814. The company has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $9.63. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $7.89 and a fifty-two week high of $10.71.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

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

Institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the 1st quarter valued at about $39,000. Monetary Management Group Inc. raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock worth $47,000 after buying an additional 1,200 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 1st quarter worth approximately $80,000. Evolve Private Wealth LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth approximately $89,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 1,112 shares in the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

(Get Free Report)

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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