Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Sees Large Drop in Short Interest

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 14,700 shares, a decline of 21.4% from the May 31st total of 18,700 shares. Based on an average daily volume of 75,900 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund stock traded up $0.06 during trading on Friday, reaching $10.68. The company’s stock had a trading volume of 85,407 shares, compared to its average volume of 76,367. Neuberger Berman Municipal Fund has a 52 week low of $8.75 and a 52 week high of $10.70.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.0377 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.45 annualized dividend and a yield of 4.24%.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Neuberger Berman Municipal Fund during the first quarter worth about $52,000. Blue Bell Private Wealth Management LLC raised its stake in Neuberger Berman Municipal Fund by 39.3% during the first 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 in the last quarter. Van ECK Associates Corp raised its stake in Neuberger Berman Municipal Fund by 3.1% during the first 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 in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Neuberger Berman Municipal Fund by 53.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock worth $217,000 after acquiring an additional 7,270 shares in the last quarter. Finally, Matisse Capital raised its stake in Neuberger Berman Municipal Fund by 6.6% during the first quarter. Matisse Capital now owns 135,900 shares of the company’s stock worth $1,423,000 after acquiring an additional 8,392 shares in the last quarter.

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.