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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 94,200 shares, a drop of 23.1% from the August 31st total of 122,500 shares. Based on an average daily volume of 209,700 shares, the days-to-cover ratio is presently 0.4 days.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.6 %

Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.05 during trading on Friday, reaching $8.17. The company had a trading volume of 107,881 shares, compared to its average volume of 218,528. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $6.30 and a 52 week high of $8.35.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.0584 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.70 dividend on an annualized basis and a yield of 8.58%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 9.1% during the first quarter. Advisors Asset Management Inc. now owns 1,390,917 shares of the investment management company’s stock valued at $10,251,000 after acquiring an additional 116,299 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 2.9% during the second quarter. Oppenheimer & Co. Inc. now owns 276,229 shares of the investment management company’s stock valued at $2,210,000 after acquiring an additional 7,752 shares during the period. Raymond James & Associates raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 59.4% during the second quarter. Raymond James & Associates now owns 168,179 shares of the investment management company’s stock valued at $1,345,000 after acquiring an additional 62,645 shares during the period. Optimum Investment Advisors raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 3.9% during the first quarter. Optimum Investment Advisors now owns 144,690 shares of the investment management company’s stock valued at $1,066,000 after acquiring an additional 5,440 shares during the period. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.8% in the second quarter. Cornerstone Wealth Management LLC now owns 78,431 shares of the investment management company’s stock worth $627,000 after purchasing an additional 4,964 shares during the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.