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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,372 shares, a decrease of 64.4% from the May 14th total of 54,440 shares. Based on an average trading volume of 182,009 shares, the days-to-cover ratio is currently 0.1 days.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.4%

Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.04 during mid-day trading on Friday, hitting $10.18. 130,074 shares of the company’s stock traded hands, compared to its average volume of 175,223. The firm has a 50 day simple moving average of $10.14 and a two-hundred day simple moving average of $9.55. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $7.89 and a fifty-two week high of $10.71.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0701 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is currently -227.59%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Closed End Fund Advisors Inc. purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter valued at approximately $1,004,000. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at about $1,501,000. Soltis Investment Advisors LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at about $153,000. Cornerstone Wealth Management LLC lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 3.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 111,311 shares of the investment management company’s stock worth $946,000 after buying an additional 3,542 shares in the last quarter. Finally, Ballast Rock Private Wealth LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth about $238,000.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.