Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Up 652.5% in March

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 44,400 shares, a growth of 652.5% from the February 29th total of 5,900 shares. Based on an average trading volume of 85,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Cohen & Steers Inc. increased its stake in Neuberger Berman Municipal Fund by 26.1% during the 2nd quarter. Cohen & Steers Inc. now owns 267,075 shares of the company’s stock valued at $2,746,000 after buying an additional 55,348 shares during the period. Arlington Capital Management Inc. bought a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth about $112,000. Kestra Private Wealth Services LLC raised its stake in shares of Neuberger Berman Municipal Fund by 23.5% in the third quarter. Kestra Private Wealth Services LLC now owns 13,125 shares of the company’s stock valued at $121,000 after acquiring an additional 2,500 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of Neuberger Berman Municipal Fund by 76.7% during the third quarter. 1607 Capital Partners LLC now owns 426,212 shares of the company’s stock worth $3,925,000 after purchasing an additional 185,000 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Neuberger Berman Municipal Fund by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after purchasing an additional 1,028 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of Neuberger Berman Municipal Fund stock remained flat at $10.42 on Thursday. 14,705 shares of the stock traded hands, compared to its average volume of 75,045. Neuberger Berman Municipal Fund has a 52-week low of $8.75 and a 52-week high of $11.01.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.0377 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.35%.

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.