Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Up 652.5% in March

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 44,400 shares, an increase of 652.5% from the February 29th total of 5,900 shares. Based on an average daily volume of 85,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Neuberger Berman Municipal Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $50,000. PNC Financial Services Group Inc. increased its holdings in Neuberger Berman Municipal Fund by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after purchasing an additional 1,028 shares in the last quarter. Arlington Capital Management Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the second quarter valued at about $112,000. Kestra Private Wealth Services LLC increased its stake in Neuberger Berman Municipal Fund by 23.5% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 13,125 shares of the company’s stock valued at $121,000 after buying an additional 2,500 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth $125,000.

Neuberger Berman Municipal Fund Stock Performance

NYSEAMERICAN NBH remained flat at $10.42 during trading on Thursday. The company’s stock had a trading volume of 14,705 shares, compared to its average volume of 75,045. Neuberger Berman Municipal Fund has a 52 week low of $8.75 and a 52 week high of $11.01.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.0377 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.35%.

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.