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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the recipient of a significant increase in short interest in 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 days-to-cover ratio is presently 0.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors grew its position in shares of 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 valued at $1,206,000 after purchasing an additional 1,120 shares during the period. Stifel Financial Corp grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock valued at $2,585,000 after buying an additional 1,171 shares during the period. Truist Financial Corp increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the 4th quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock valued at $226,000 after acquiring an additional 1,330 shares during the last quarter. Comerica Bank lifted 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 worth $113,000 after acquiring an additional 1,775 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.5% in the fourth 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 during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

NYSEAMERICAN:NML opened at $9.03 on Friday. The stock’s fifty day moving average is $9.01. Neuberger Berman Energy Infrastructure and Income Fund has a fifty-two week low of $6.98 and a fifty-two week high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

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

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.