Short Interest in Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML) Drops By 93.0%

Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, a decline of 93.0% from the August 15th total of 17,100 shares. Based on an average daily volume of 128,800 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NYSEAMERICAN:NML traded up $0.08 during trading hours on Wednesday, reaching $4.87. The stock had a trading volume of 10,099 shares, compared to its average volume of 191,179. Neuberger Berman MLP and Energy Income Fund has a 1 year low of $2.30 and a 1 year high of $5.39.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a $0.0163 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Tuesday, September 14th. Neuberger Berman MLP and Energy Income Fund’s dividend payout ratio is presently -227.59%.

In related news, Portfolio Manager Douglas A. Rachlin purchased 50,000 shares of Neuberger Berman MLP and Energy Income Fund stock in a transaction dated Wednesday, July 14th. The shares were acquired at an average cost of $4.85 per share, with a total value of $242,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Portfolio Manager Douglas A. Rachlin purchased 25,000 shares of Neuberger Berman MLP and Energy Income Fund stock in a transaction dated Friday, July 16th. The stock was bought at an average cost of $4.74 per share, for a total transaction of $118,500.00. The disclosure for this purchase can be found here.

Several large investors have recently made changes to their positions in NML. Cornerstone Advisors LLC purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the 1st quarter valued at approximately $4,246,000. Morgan Stanley increased its position in shares of Neuberger Berman MLP and Energy Income Fund by 20.9% in the 2nd quarter. Morgan Stanley now owns 4,523,351 shares of the investment management company’s stock valued at $22,617,000 after purchasing an additional 780,612 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of Neuberger Berman MLP and Energy Income Fund by 179.5% in the 2nd quarter. Rivernorth Capital Management LLC now owns 575,180 shares of the investment management company’s stock valued at $2,876,000 after purchasing an additional 369,409 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of Neuberger Berman MLP and Energy Income Fund by 6.7% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 5,780,307 shares of the investment management company’s stock valued at $28,844,000 after purchasing an additional 364,060 shares during the last quarter. Finally, Private Management Group Inc. boosted its holdings in shares of Neuberger Berman MLP and Energy Income Fund by 6.2% in the 2nd quarter. Private Management Group Inc. now owns 3,457,662 shares of the investment management company’s stock valued at $17,288,000 after buying an additional 202,301 shares in the last quarter.

Neuberger Berman MLP and Energy Income Fund Company Profile

Neuberger Berman MLP Income Fund, Inc is closed-end mutual fund. It seeks total return with an emphasis on cash distributions by investing in master limited partnerships. The company was founded on November 16, 2012 and is headquartered in New York, NY.

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