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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 54,200 shares, a decrease of 29.3% from the March 15th total of 76,700 shares. Based on an average daily trading volume, of 216,100 shares, the days-to-cover ratio is presently 0.3 days.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Neuberger Berman Energy Infrastructure and Income Fund stock traded up $0.16 during trading on Friday, reaching $8.36. The company had a trading volume of 194,309 shares, compared to its average volume of 202,375. The firm’s 50-day simple moving average is $8.75 and its 200 day simple moving average is $8.59. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $7.10 and a 52 week high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0584 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.38%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

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

Several large investors have recently made changes to their positions in NML. Farther Finance Advisors LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter valued at approximately $36,000. CX Institutional purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the first quarter worth $45,000. Centric Wealth Management bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth $93,000. Cary Street Partners Financial LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth $97,000. Finally, Comerica Bank boosted 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 during the last quarter.

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.