Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Stock Short Interest Falls 65.6%

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 19,038 shares, a decrease of 65.6% from the September 30th total of 55,283 shares. Based on an average trading volume of 111,830 shares, the short-interest ratio is presently 0.2 days.

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

Hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during 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. Bank of America Corp DE lifted 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 acquiring an additional 240,841 shares during the last quarter. Samalin Investment Counsel LLC lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 53.6% in the 3rd quarter. Samalin Investment Counsel LLC now owns 267,682 shares of the investment management company’s stock valued at $2,655,000 after acquiring an additional 93,358 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% during the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after purchasing an additional 59,367 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 56.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 56,205 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 20,205 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.6%

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.06 on Friday, hitting $10.71. The company had a trading volume of 94,783 shares, compared to its average volume of 152,322. The business has a 50-day simple moving average of $10.39 and a 200-day simple moving average of $10.11. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $8.11 and a 52 week high of $10.98.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.0701 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, October 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed-end management investment company listed on the NYSE American under the symbol NML. The fund seeks to provide current income and total return by investing primarily in companies involved in energy infrastructure.

The fund’s portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded entities that own or operate energy infrastructure assets. These businesses can include pipeline, storage, gathering, processing, transportation and other midstream energy activities, as well as related infrastructure companies.

NML is managed by Neuberger Berman Investment Advisers LLC, an affiliate of global asset manager Neuberger Berman.