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

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

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Large investors have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC raised its position in shares of Neuberger Berman Municipal Fund by 38.5% during the fourth quarter. 1607 Capital Partners LLC now owns 1,086,362 shares of the company’s stock valued at $11,244,000 after buying an additional 301,844 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Neuberger Berman Municipal Fund by 234.8% during the third quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after buying an additional 247,552 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Neuberger Berman Municipal Fund by 225.8% during the fourth quarter. Guggenheim Capital LLC now owns 194,745 shares of the company’s stock valued at $2,016,000 after buying an additional 134,974 shares during the last quarter. Bulldog Investors LLP raised its position in shares of Neuberger Berman Municipal Fund by 76.7% during the fourth quarter. Bulldog Investors LLP now owns 276,817 shares of the company’s stock valued at $2,865,000 after buying an additional 120,131 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at approximately $1,061,000.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN:NBH traded down $0.03 during trading hours on Friday, hitting $10.41. 67,018 shares of the stock traded hands, compared to its average volume of 87,126. Neuberger Berman Municipal Fund has a 1 year low of $10.03 and a 1 year high of $11.41. The firm has a 50 day moving average of $10.43.

Neuberger Berman Municipal Fund Announces Dividend

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

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.