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

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

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Capital Management Inc. raised its holdings in shares of Neuberger Berman Municipal Fund by 7.8% in the 4th quarter. Integrated Capital Management Inc. now owns 19,385 shares of the company’s stock worth $201,000 after buying an additional 1,399 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Neuberger Berman Municipal Fund during the fourth quarter worth $25,000. Park Avenue Securities LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 2.5% during the fourth quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after acquiring an additional 2,554 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 15.1% in the 4th quarter. Avior Wealth Management LLC now owns 20,128 shares of the company’s stock valued at $208,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Ackerman Capital Advisors LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 3.9% in the 4th quarter. Ackerman Capital Advisors LLC now owns 80,482 shares of the company’s stock worth $833,000 after purchasing an additional 3,055 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Down 0.6 %

NBH traded down $0.06 on Friday, hitting $10.38. 95,014 shares of the stock traded hands, compared to its average volume of 88,818. The business has a fifty day moving average of $10.49. 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 company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors 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 annualized dividend and a yield of 6.26%.

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.