Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Stock Short Interest Report for October

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 25,899 shares, a decline of 76.3% from the September 30th total of 109,285 shares. Based on an average daily volume of 249,158 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN NBH traded down $0.11 during trading hours on Wednesday, reaching $9.44. 168,865 shares of the company’s stock were exchanged, compared to its average volume of 107,459. The company’s 50-day moving average is $9.56 and its two-hundred day moving average is $10.14. Neuberger Berman Municipal Fund has a one year low of $8.77 and a one year high of $10.72.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be given a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, October 30th.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC raised its stake in shares of Neuberger Berman Municipal Fund by 0.8% in the 2nd quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock valued at $9,891,000 after purchasing an additional 7,716 shares during the period. Robinson Capital Management LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 20.5% in the second quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock valued at $5,405,000 after purchasing an additional 87,042 shares in the last quarter. Rareview Capital LLC boosted its position in shares of Neuberger Berman Municipal Fund by 10.7% during the first quarter. Rareview Capital LLC now owns 462,461 shares of the company’s stock worth $4,546,000 after buying an additional 44,724 shares during the period. Van ECK Associates Corp boosted its position in shares of Neuberger Berman Municipal Fund by 0.4% during the second quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock worth $2,966,000 after buying an additional 1,251 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth about $1,764,000.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities in the United States and its territories.

The portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public projects and services. The fund may also invest in securities with different credit qualities and maturities, subject to its investment policies, allowing it to pursue income while managing interest-rate and credit-related risks.

NBH is managed by Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman, an independent, employee-owned investment manager.