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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) was the target of a significant increase in short interest in 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.

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

Large investors have recently modified their holdings of the business. Centric Wealth Management acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter worth approximately $93,000. Cary Street Partners Financial LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth $97,000. Comerica Bank increased its holdings in shares of 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 buying an additional 1,775 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter valued at $138,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at $144,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.6 %

NML stock traded up $0.05 during mid-day trading on Friday, hitting $9.03. The stock had a trading volume of 119,269 shares, compared to its average volume of 201,726. The stock’s fifty day moving average is $9.01. Neuberger Berman Energy Infrastructure and Income Fund has a 52 week low of $6.98 and a 52 week high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a yield of 7.76%. The ex-dividend date is Monday, March 17th. Neuberger Berman Energy Infrastructure and Income Fund’s 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.