Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Shorted: Short Interest Up 73.7% in September

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 109,285 shares, an increase of 73.7% from the September 15th total of 62,898 shares. Based on an average trading volume of 152,515 shares, the short-interest ratio is presently 0.7 days.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN NBH traded up $0.13 on Friday, hitting $9.17. The stock had a trading volume of 165,378 shares, compared to its average volume of 105,414. The business’s fifty day moving average price is $9.70 and its 200 day moving average price is $10.10. Neuberger Berman Municipal Fund has a 52-week low of $8.77 and a 52-week high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a $0.0542 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of Neuberger Berman Municipal Fund by 0.4% during the 2nd 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 during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 7.9% in 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 during the period. Hollencrest Capital Management boosted its stake in shares of Neuberger Berman Municipal Fund by 32.8% in the first quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock worth $98,000 after buying an additional 2,392 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Neuberger Berman Municipal Fund by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after buying an additional 2,804 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 0.8% in the second quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock worth $9,891,000 after buying an additional 7,716 shares during the last quarter.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities in the United States and its territories.

The portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public projects and services. The fund may also invest in securities with different credit qualities and maturities, subject to its investment policies, allowing it to pursue income while managing interest-rate and credit-related risks.

NBH is managed by Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman, an independent, employee-owned investment manager.