Short Interest in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Declines By 45.6%

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NMLGet Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 154,521 shares, a decrease of 45.6% from the August 15th total of 284,117 shares. Based on an average trading volume of 155,126 shares, the days-to-cover ratio is presently 1.0 days.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 1.1%

NYSEAMERICAN:NML traded down $0.12 on Tuesday, hitting $10.69. The stock had a trading volume of 76,691 shares, compared to its average volume of 159,472. The business’s 50-day simple moving average is $10.48 and its two-hundred day simple moving average is $10.24. 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 firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0701 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, September 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Monetary Management Group Inc. lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 27.3% in the 4th quarter. Monetary Management Group Inc. now owns 7,000 shares of the investment management company’s stock worth $60,000 after purchasing an additional 1,500 shares in the last quarter. Knollwood Investment Advisory LLC boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.0% during the 2nd quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 1,526 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the second quarter valued at $33,000. Western Wealth Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the first quarter worth $39,000. Finally, UBS Group AG raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% during the fourth quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after purchasing an additional 4,775 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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