Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Down 48.8% in March

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 26,400 shares, a decline of 48.8% from the February 29th total of 51,600 shares. Based on an average daily volume of 216,400 shares, the days-to-cover ratio is currently 0.1 days.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 1.8 %

NML stock traded up $0.13 during trading hours on Thursday, reaching $7.37. The stock had a trading volume of 212,834 shares, compared to its average volume of 219,951. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $6.09 and a fifty-two week high of $7.37.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a dividend yield of 9.51%. The ex-dividend date of this dividend is Thursday, March 14th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. boosted its position in Neuberger Berman Energy Infrastructure and Income Fund by 15.8% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 12,664 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 1,730 shares during the last quarter. UBS Group AG raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 2.0% during the third quarter. UBS Group AG now owns 106,624 shares of the investment management company’s stock worth $653,000 after buying an additional 2,117 shares during the last quarter. LPL Financial LLC boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 21.4% during the fourth quarter. LPL Financial LLC now owns 15,522 shares of the investment management company’s stock worth $103,000 after purchasing an additional 2,735 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 27.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,574 shares of the investment management company’s stock worth $90,000 after buying an additional 2,921 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 4th quarter. 1832 Asset Management L.P. now owns 882,141 shares of the investment management company’s stock worth $5,875,000 after purchasing an additional 3,127 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.