Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Sees Significant Decrease in Short Interest

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 19,500 shares, a decrease of 48.4% from the February 28th total of 37,800 shares. Based on an average daily trading volume, of 115,800 shares, the days-to-cover ratio is presently 0.2 days.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN NBH traded down $0.06 during trading hours on Friday, hitting $10.38. The company’s stock had a trading volume of 95,014 shares, compared to its average volume of 88,818. Neuberger Berman Municipal Fund has a 12 month low of $10.03 and a 12 month high of $11.41. The stock has a 50-day moving average price of $10.49.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.0542 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.26%.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock worth $2,565,000 after acquiring an additional 32,493 shares during the period. Park Avenue Securities LLC raised its holdings in Neuberger Berman Municipal Fund by 2.5% in the 4th quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock worth $1,071,000 after purchasing an additional 2,554 shares in the last quarter. Walleye Capital LLC bought a new position in Neuberger Berman Municipal Fund in the 3rd quarter worth $129,000. Advisors Asset Management Inc. lifted its position in shares of Neuberger Berman Municipal Fund by 20.7% in the 4th quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock worth $3,163,000 after purchasing an additional 52,317 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at about $638,000.

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.