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) was the recipient of a significant drop in short interest in 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 short-interest ratio is currently 0.4 days.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN NML traded up $0.01 during mid-day trading on Monday, hitting $10.24. The company had a trading volume of 34,113 shares, compared to its average volume of 156,373. Neuberger Berman Energy Infrastructure and Income Fund has a 1 year low of $7.89 and a 1 year high of $10.98. The stock’s 50-day moving average price is $10.44 and its 200-day moving average price is $10.26.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.0701 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.84 annualized dividend and a yield of 8.2%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is currently -227.59%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% in the second quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock worth $2,317,000 after buying an additional 59,367 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter worth approximately $33,000. Knollwood Investment Advisory LLC boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 2.0% in the 2nd quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock valued at $802,000 after purchasing an additional 1,526 shares during the period. Western Wealth Management LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the 1st quarter valued at $39,000. Finally, Bank of America Corp DE boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% in the 1st 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.

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.