Neuberger Berman MLP Income Fund Inc (NYSE:NML) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 24,922 shares, a drop of 75.4% from the July 14th total of 101,346 shares. Based on an average daily volume of 167,653 shares, the days-to-cover ratio is currently 0.1 days.

Neuberger Berman MLPome Fund (NML) opened at 9.64 on Thursday. The firm has a 50 day moving average of $9.50 and a 200-day moving average of $9.82. Neuberger Berman MLPome Fund has a one year low of $8.31 and a one year high of $10.69.

The firm also recently announced a monthly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were given a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 6.85%. The ex-dividend date was Thursday, July 13th.

A number of hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Neuberger Berman MLPome Fund by 37.1% in the second quarter. Advisors Asset Management Inc. now owns 1,261,288 shares of the investment management company’s stock valued at $12,134,000 after buying an additional 341,646 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Neuberger Berman MLPome Fund by 7.7% in the second quarter. Oppenheimer & Co. Inc. now owns 64,213 shares of the investment management company’s stock valued at $618,000 after buying an additional 4,577 shares in the last quarter. BB&T Securities LLC increased its stake in Neuberger Berman MLPome Fund by 50.8% in the second quarter. BB&T Securities LLC now owns 54,451 shares of the investment management company’s stock valued at $523,000 after buying an additional 18,334 shares in the last quarter. Hollow Brook Wealth Management LLC increased its stake in Neuberger Berman MLPome Fund by 2.0% in the second quarter. Hollow Brook Wealth Management LLC now owns 28,827 shares of the investment management company’s stock valued at $277,000 after buying an additional 558 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Neuberger Berman MLPome Fund by 22.1% in the second quarter. IFP Advisors Inc now owns 27,582 shares of the investment management company’s stock valued at $265,000 after buying an additional 5,000 shares in the last quarter.

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About Neuberger Berman MLPome Fund

Neuberger Berman MLP Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks to provide total return with an emphasis on cash distributions. The Fund has assembled a portfolio that focuses on Master Limited Partnerships (MLPs) and selects companies that have economic characteristics substantially similar to MLPs.

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