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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML – Get Free Report) saw 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 daily trading volume, of 161,635 shares, the short-interest ratio is currently 1.8 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Down 0.2%

NYSEAMERICAN NML traded down $0.02 during midday trading on Tuesday, hitting $10.39. 138,849 shares of the company traded hands, compared to its average volume of 160,558. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $7.89 and a 52 week high of $10.95. The company’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $10.15.

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Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0701 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

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

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

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 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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