Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Update

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,098 shares, a decrease of 68.3% from the July 30th total of 63,374 shares. Based on an average trading volume of 88,492 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Neuberger Berman Municipal Fund

Several institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in shares of Neuberger Berman Municipal Fund by 0.4% in the second quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock valued at $2,966,000 after buying an additional 1,251 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Neuberger Berman Municipal Fund by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock valued at $201,000 after buying an additional 1,448 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Neuberger Berman Municipal Fund by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock valued at $148,000 after buying an additional 1,859 shares in the last quarter. Hollencrest Capital Management grew its stake in Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock valued at $98,000 after acquiring an additional 2,392 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Neuberger Berman Municipal Fund by 14.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock valued at $224,000 after acquiring an additional 2,804 shares during the period.

Neuberger Berman Municipal Fund Trading Up 0.5%

Shares of NBH stock traded up $0.05 during mid-day trading on Friday, hitting $10.26. 117,378 shares of the stock were exchanged, compared to its average volume of 93,699. Neuberger Berman Municipal Fund has a 52-week low of $9.77 and a 52-week high of $10.72. The firm has a fifty day moving average of $10.34 and a 200 day moving average of $10.32.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Neuberger Berman Municipal Fund Company Profile

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.