Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 14,700 shares, a decline of 21.4% from the May 31st total of 18,700 shares. Based on an average daily volume of 75,900 shares, the short-interest ratio is currently 0.2 days.
Neuberger Berman Municipal Fund Price Performance
Shares of Neuberger Berman Municipal Fund stock traded up $0.06 during trading on Friday, reaching $10.68. The company’s stock had a trading volume of 85,407 shares, compared to its average volume of 76,367. Neuberger Berman Municipal Fund has a 52 week low of $8.75 and a 52 week high of $10.70.
Neuberger Berman Municipal Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.0377 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.45 annualized dividend and a yield of 4.24%.
Institutional Investors Weigh In On Neuberger Berman Municipal Fund
About Neuberger Berman Municipal Fund
Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.
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