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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 16,000 shares, a decline of 17.9% from the March 15th total of 19,500 shares. Based on an average daily trading volume, of 109,200 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently made changes to their positions in NBH. Global Retirement Partners LLC acquired a new position in Neuberger Berman Municipal Fund in the 4th quarter worth $25,000. Atala Financial Inc bought a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter worth $67,000. Wolverine Asset Management LLC acquired a new position in Neuberger Berman Municipal Fund in the fourth quarter valued at about $91,000. Uniting Wealth Partners LLC bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth about $105,000. Finally, Conrad Siegel Investment Advisors Inc. bought a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at about $132,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock traded up $0.02 during trading hours on Friday, reaching $9.85. The company had a trading volume of 139,634 shares, compared to its average volume of 91,358. Neuberger Berman Municipal Fund has a 1-year low of $9.47 and a 1-year high of $11.41. The company has a 50 day moving average of $10.39 and a 200 day moving average of $10.47.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.0542 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.65 annualized dividend and a yield of 6.60%.

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.