Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Rises By 84.4%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large growth in short interest during the month of 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 short-interest ratio is currently 0.3 days.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN:NBH traded down $0.03 during trading on Friday, hitting $10.41. The company had a trading volume of 67,018 shares, compared to its average volume of 87,036. Neuberger Berman Municipal Fund has a one year low of $10.03 and a one year high of $11.41. The stock has a fifty day moving average price of $10.43.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.0542 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Friday, February 28th.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several institutional investors have recently modified their holdings of the stock. 1607 Capital Partners LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 38.5% in the 4th quarter. 1607 Capital Partners LLC now owns 1,086,362 shares of the company’s stock valued at $11,244,000 after purchasing an additional 301,844 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Neuberger Berman Municipal Fund by 234.8% during the 3rd quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after acquiring an additional 247,552 shares during the period. Advisors Asset Management Inc. boosted its holdings in Neuberger Berman Municipal Fund by 20.7% during the 4th quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock valued at $3,163,000 after acquiring an additional 52,317 shares during the period. Bulldog Investors LLP boosted its holdings in Neuberger Berman Municipal Fund by 76.7% during the 4th quarter. Bulldog Investors LLP now owns 276,817 shares of the company’s stock valued at $2,865,000 after acquiring an additional 120,131 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Neuberger Berman Municipal Fund by 15.1% during the 4th quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after acquiring an additional 32,493 shares during the period.

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.