Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Down 64.4% in May

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 19,372 shares, a drop of 64.4% from the May 14th total of 54,440 shares. Based on an average daily trading volume, of 182,009 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds have recently added to or reduced their stakes in NML. Saba Capital Management L.P. boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 205.3% in the fourth quarter. Saba Capital Management L.P. now owns 1,416,482 shares of the investment management company’s stock valued at $12,040,000 after acquiring an additional 952,479 shares during the last quarter. Focus Partners Wealth boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% in the fourth quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock valued at $2,298,000 after acquiring an additional 247,273 shares during the last quarter. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 240,841 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at about $1,501,000. Finally, NewEdge Advisors LLC boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the second quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock valued at $1,503,000 after acquiring an additional 119,226 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NYSEAMERICAN:NML traded up $0.04 during midday trading on Friday, reaching $10.18. The company’s stock had a trading volume of 130,074 shares, compared to its average volume of 175,223. The business’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $9.55. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $7.89 and a fifty-two week high of $10.71.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0701 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.3%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is currently -227.59%.

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.