Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Down 74.3% in July

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 23,477 shares, a drop of 74.3% from the July 15th total of 91,252 shares. Based on an average daily volume of 117,388 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.2%

Shares of NYSEAMERICAN NML traded up $0.02 during trading on Thursday, reaching $10.67. 75,419 shares of the stock were exchanged, compared to its average volume of 161,336. The business’s 50-day moving average price is $10.18 and its 200 day moving average price is $10.05. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.89 and a twelve month high of $10.95.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.0701 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.9%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of 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 acquiring an additional 240,841 shares in the last quarter. Saba Capital Management L.P. lifted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.1% in the first quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock worth $18,319,000 after acquiring an additional 326,572 shares in the last quarter. UBS Group AG boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in 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 during the last quarter. Ameriprise Financial Inc. boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the third quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock valued at $2,747,000 after purchasing an additional 68,348 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% during the 4th quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock valued at $2,298,000 after purchasing an additional 247,273 shares in the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

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.