Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Update

by · The Markets Daily

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 154,521 shares, a drop 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 currently 1.0 days.

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

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position 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 valued at $40,227,000 after acquiring an additional 240,841 shares during the period. Saba Capital Management L.P. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% in 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 during the period. Closed End Fund Advisors Inc. purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth approximately $1,004,000. Fifth Third Bancorp acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the first quarter valued at approximately $80,000. Finally, Soltis Investment Advisors LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at approximately $153,000.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 1.1%

Neuberger Berman Energy Infrastructure and Income Fund stock traded down $0.12 during mid-day trading on Tuesday, hitting $10.69. The company had a trading volume of 76,691 shares, compared to its average volume of 159,472. Neuberger Berman Energy Infrastructure and Income Fund has a 12-month low of $7.89 and a 12-month high of $10.98. The company’s fifty day moving average is $10.48 and its 200-day moving average is $10.24.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently declared 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 dividend payout ratio (DPR) is currently -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 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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