Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Update

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 37,800 shares, an increase of 84.4% from the February 13th total of 20,500 shares. Based on an average trading volume of 117,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new stake in Neuberger Berman Municipal Fund in the 3rd quarter worth approximately $36,000. Atala Financial Inc acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $67,000. Wolverine Asset Management LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $91,000. Finally, Uniting Wealth Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $105,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN NBH traded down $0.03 during trading hours on Friday, hitting $10.41. The stock had a trading volume of 67,018 shares, compared to its average volume of 87,126. The company’s 50-day moving average price is $10.43. Neuberger Berman Municipal Fund has a 52 week low of $10.03 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.65 annualized dividend and a dividend yield of 6.24%.

Neuberger Berman Municipal Fund Company Profile

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.