Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Rises By 16.2%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 15,800 shares, a growth of 16.2% from the January 15th total of 13,600 shares. Based on an average trading volume of 109,900 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman Municipal Fund Trading Up 1.3 %

NBH stock traded up $0.14 during trading on Monday, hitting $10.75. 131,295 shares of the company’s stock traded hands, compared to its average volume of 105,983. 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 disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.0542 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.65 annualized dividend and a yield of 6.05%.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Neuberger Berman Municipal Fund by 277.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock valued at $2,323,000 after purchasing an additional 153,617 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the third quarter valued at about $36,000. Pathstone Holdings LLC raised its stake in shares of Neuberger Berman Municipal Fund by 234.8% during the third quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after purchasing an additional 247,552 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Neuberger Berman Municipal Fund by 25.2% during the third quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock valued at $194,000 after purchasing an additional 3,516 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the third quarter valued at about $129,000.

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.