Short Interest in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Grows By 1,110.2%

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 284,117 shares, a growth of 1,110.2% from the July 30th total of 23,477 shares. Based on an average daily trading volume, of 161,635 shares, the days-to-cover ratio is presently 1.8 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML stock opened at $10.59 on Thursday. The stock’s fifty day moving average is $10.28 and its two-hundred day moving average is $10.16. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $7.89 and a fifty-two week high of $10.95.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

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

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in 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. grew its position in 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 during the period. UBS Group AG raised its position 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 period. Ameriprise Financial Inc. lifted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the 3rd 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 holdings in shares of 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 worth $2,298,000 after purchasing an additional 247,273 shares during the period.

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.