Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Drops By 57.3%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,624 shares, a drop of 57.3% from the December 15th total of 29,571 shares. Based on an average trading volume of 171,394 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 171,394 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Municipal Fund Stock Performance

NYSEAMERICAN:NBH traded up $0.10 during trading hours on Wednesday, reaching $10.41. 73,923 shares of the company were exchanged, compared to its average volume of 76,425. Neuberger Berman Municipal Fund has a twelve month low of $9.47 and a twelve month high of $10.82. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $10.13.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, December 31st.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 14.2% in the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after buying an additional 175,923 shares in the last quarter. Mackay Shields LLC raised its holdings in Neuberger Berman Municipal Fund by 4.5% in the 3rd quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock valued at $12,731,000 after acquiring an additional 52,597 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Neuberger Berman Municipal Fund by 22.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 563,388 shares of the company’s stock worth $5,814,000 after purchasing an additional 101,693 shares in the last quarter. UBS Group AG boosted its holdings in shares of Neuberger Berman Municipal Fund by 9.5% during the 3rd quarter. UBS Group AG now owns 482,242 shares of the company’s stock worth $4,977,000 after purchasing an additional 41,991 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of Neuberger Berman Municipal Fund by 95.9% in the second quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock valued at $4,471,000 after purchasing an additional 222,668 shares in the last quarter.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.