Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Sees Large Growth in Short Interest

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 54,440 shares, a growth of 261.5% from the April 30th total of 15,059 shares. Based on an average trading volume of 110,563 shares, the days-to-cover ratio is presently 0.5 days.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 1.7%

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock traded down $0.17 on Friday, hitting $9.79. 256,170 shares of the company’s stock were exchanged, compared to its average volume of 178,569. The company has a 50-day simple moving average of $10.19 and a 200-day simple moving average of $9.43. Neuberger Berman Energy Infrastructure and Income Fund has a 1 year low of $7.89 and a 1 year high of $10.71.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, May 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NML. Western Wealth Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter valued at about $39,000. Monetary Management Group Inc. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter valued at about $80,000. Evolve Private Wealth LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at about $89,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock valued at $125,000 after buying an additional 1,112 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.