Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 57.2% in May

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 22,792 shares, a drop of 57.2% from the May 14th total of 53,261 shares. Based on an average trading volume of 66,837 shares, the short-interest ratio is currently 0.3 days.

Neuberger Berman Municipal Fund Stock Performance

Neuberger Berman Municipal Fund stock opened at $10.45 on Friday. The stock’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $10.30. Neuberger Berman Municipal Fund has a one year low of $9.69 and a one year high of $10.64.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, May 29th.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the purchase, the insider directly owned 3,200 shares in the company, valued at approximately $32,832. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

A number of hedge funds have recently added to or reduced their stakes in NBH. Pathstone Holdings LLC increased its stake in Neuberger Berman Municipal Fund by 14.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after acquiring an additional 175,923 shares during the period. Advisors Asset Management Inc. increased its stake in Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after acquiring an additional 174,032 shares during the period. Worthington Financial Partners LLC bought a new position in Neuberger Berman Municipal Fund during the 4th quarter worth $1,445,000. Rivernorth Capital Management LLC increased its stake in Neuberger Berman Municipal Fund by 15.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock worth $9,433,000 after acquiring an additional 121,226 shares during the period. Finally, Fiera Capital Corp increased its stake in Neuberger Berman Municipal Fund by 65.2% during the 4th quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after acquiring an additional 113,534 shares during the period.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax?exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high?quality state and local government obligations, including general obligation bonds, revenue bonds and essential?purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.