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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 76,700 shares, an increase of 85.3% from the February 28th total of 41,400 shares. Based on an average daily trading volume, of 191,800 shares, the short-interest 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 opened at $9.03 on Monday. The stock has a fifty day simple moving average of $9.01. Neuberger Berman Energy Infrastructure and Income Fund has a 1-year low of $6.98 and a 1-year high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.0584 dividend. This represents a $0.70 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Monday, March 17th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is currently -227.59%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Centric Wealth Management acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at $93,000. Cary Street Partners Financial LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth about $97,000. Comerica Bank increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 16.2% during the 4th quarter. Comerica Bank now owns 12,762 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 1,775 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at $138,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth about $144,000.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.