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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 13,600 shares, a drop of 45.2% from the December 31st total of 24,800 shares. Based on an average daily trading volume, of 104,300 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several hedge funds and other institutional investors have recently modified their holdings of NBH. Sanctuary Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the second quarter valued at approximately $667,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 277.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock valued at $2,323,000 after buying an additional 153,617 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Neuberger Berman Municipal Fund in the 3rd quarter worth about $36,000. Pathstone Holdings LLC grew its position in shares of Neuberger Berman Municipal Fund by 234.8% in the 3rd quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock worth $3,922,000 after buying an additional 247,552 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Neuberger Berman Municipal Fund by 25.2% in the 3rd quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock worth $194,000 after acquiring an additional 3,516 shares in the last quarter.

Neuberger Berman Municipal Fund Trading Down 0.3 %

NYSEAMERICAN:NBH traded down $0.03 during trading hours on Friday, hitting $10.50. The company had a trading volume of 70,517 shares, compared to its average volume of 99,686. Neuberger Berman Municipal Fund has a 52 week low of $10.03 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.0542 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, January 31st.

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.