Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Stock Short Interest Drops 65.2%

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 55,283 shares, a drop of 65.2% from the September 15th total of 158,666 shares. Based on an average trading volume of 134,055 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors have recently added to or reduced their stakes in NML. Bank of America Corp DE grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first 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 purchasing an additional 240,841 shares during the period. Saba Capital Management L.P. lifted its position 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 valued at $18,319,000 after buying an additional 326,572 shares during the last quarter. Uhlmann Price Securities LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 239,902 shares of the investment management company’s stock worth $2,521,000 after acquiring an additional 6,804 shares during the period. NewEdge Advisors LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% during the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock worth $2,317,000 after acquiring an additional 59,367 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 8.9% in the 1st quarter. Sanctuary Advisors LLC now owns 96,590 shares of the investment management company’s stock worth $1,015,000 after acquiring an additional 7,879 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.01 during mid-day trading on Monday, reaching $10.24. 34,113 shares of the company’s stock were exchanged, compared to its average volume of 156,373. The business’s fifty day simple moving average is $10.44 and its 200 day simple moving average is $10.26. Neuberger Berman Energy Infrastructure and Income Fund has a one year low of $7.89 and a one year high of $10.98.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.0701 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide current income and long-term total return by investing primarily in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded securities associated with the transportation, storage, processing and distribution of energy commodities.