Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML) Short Interest Down 89.7% in March

Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NMLGet Rating) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 10,700 shares, a drop of 89.7% from the March 15th total of 104,100 shares. Based on an average daily trading volume, of 155,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ionic Capital Management LLC raised its holdings in Neuberger Berman MLP and Energy Income Fund by 3.4% in the 3rd quarter. Ionic Capital Management LLC now owns 311,769 shares of the investment management company’s stock valued at $1,537,000 after buying an additional 10,300 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Neuberger Berman MLP and Energy Income Fund by 4.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 93,880 shares of the investment management company’s stock valued at $463,000 after buying an additional 4,358 shares during the last quarter. 6 Meridian raised its holdings in Neuberger Berman MLP and Energy Income Fund by 25.8% in the 4th quarter. 6 Meridian now owns 154,631 shares of the investment management company’s stock valued at $810,000 after buying an additional 31,691 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Neuberger Berman MLP and Energy Income Fund by 27.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 23,287 shares of the investment management company’s stock valued at $122,000 after buying an additional 5,000 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in Neuberger Berman MLP and Energy Income Fund during the 3rd quarter valued at approximately $115,000.

NYSEAMERICAN NML traded up $0.08 during trading hours on Wednesday, reaching $6.76. The company’s stock had a trading volume of 7,812 shares, compared to its average volume of 154,696. Neuberger Berman MLP and Energy Income Fund has a 52 week low of $4.21 and a 52 week high of $6.69.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be issued a $0.0206 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, April 14th. This is a positive change from Neuberger Berman MLP and Energy Income Fund’s previous monthly dividend of $0.02. Neuberger Berman MLP and Energy Income Fund’s dividend payout ratio (DPR) is -227.59%.

About Neuberger Berman MLP and Energy Income Fund (Get Rating)

Neuberger Berman MLP and Energy 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.

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