Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Up 89.2% in May

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 35,200 shares, an increase of 89.2% from the May 15th total of 18,600 shares. Based on an average daily trading volume, of 189,400 shares, the days-to-cover ratio is currently 0.2 days.

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

Hedge funds have recently made changes to their positions in the company. Optimum Investment Advisors grew its position in Neuberger Berman Energy Infrastructure and Income Fund by 0.8% in the fourth quarter. Optimum Investment Advisors now owns 136,610 shares of the investment management company’s stock worth $1,206,000 after acquiring an additional 1,120 shares during the period. Truist Financial Corp lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the fourth quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock worth $226,000 after purchasing an additional 1,330 shares in the last quarter. Comerica Bank lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 16.2% during the fourth quarter. Comerica Bank now owns 12,762 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,775 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 7.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,869 shares of the investment management company’s stock worth $242,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 33,000 shares of the investment management company’s stock worth $291,000 after acquiring an additional 2,000 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML stock traded down $0.04 on Monday, hitting $8.86. The company had a trading volume of 124,526 shares, compared to its average volume of 193,591. The company has a 50-day moving average price of $8.46 and a 200-day moving average price of $8.65. Neuberger Berman Energy Infrastructure and Income Fund has a twelve month low of $7.10 and a twelve month high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.0584 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.70 annualized dividend and a dividend yield of 7.91%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

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.