Short Interest in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Expands By 489.1%

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 114,113 shares, an increase of 489.1% from the May 31st total of 19,372 shares. Based on an average daily trading volume, of 140,815 shares, the days-to-cover ratio is presently 0.8 days.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock traded down $0.09 on Friday, reaching $9.80. 75,168 shares of the company’s stock were exchanged, compared to its average volume of 171,282. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $7.89 and a 52 week high of $10.71. The firm’s 50-day moving average is $10.08 and its two-hundred day moving average is $9.63.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0701 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after purchasing an additional 240,841 shares in the last quarter. Saba Capital Management L.P. raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during the 1st quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock worth $18,319,000 after buying an additional 326,572 shares during the period. UBS Group AG boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in the fourth quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock worth $7,245,000 after acquiring an additional 4,775 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the third quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock worth $2,747,000 after acquiring an additional 68,348 shares in the last quarter. Finally, Focus Partners Wealth grew its stake 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 period.

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.