Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 18,700 shares, a growth of 54.5% from the May 15th total of 12,100 shares. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whitebox Advisors LLC bought a new position in Neuberger Berman Municipal Fund in the 1st quarter worth $976,000. Matisse Capital raised its holdings in Neuberger Berman Municipal Fund by 6.6% in the 1st quarter. Matisse Capital now owns 135,900 shares of the company’s stock worth $1,423,000 after acquiring an additional 8,392 shares during the period. Van ECK Associates Corp raised its holdings in Neuberger Berman Municipal Fund by 3.1% in the 1st quarter. Van ECK Associates Corp now owns 232,715 shares of the company’s stock worth $2,437,000 after acquiring an additional 6,941 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Neuberger Berman Municipal Fund by 39.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 19,127 shares of the company’s stock worth $200,000 after acquiring an additional 5,400 shares during the period. Finally, Ackerman Capital Advisors LLC raised its holdings in Neuberger Berman Municipal Fund by 19.5% in the 1st quarter. Ackerman Capital Advisors LLC now owns 111,571 shares of the company’s stock worth $1,168,000 after acquiring an additional 18,182 shares during the period.
Neuberger Berman Municipal Fund Price Performance
Neuberger Berman Municipal Fund stock opened at $10.50 on Friday. Neuberger Berman Municipal Fund has a 1-year low of $8.75 and a 1-year high of $10.57.
Neuberger Berman Municipal Fund Dividend Announcement
About Neuberger Berman Municipal Fund
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.
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