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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 19,500 shares, a decline of 48.4% from the February 28th total of 37,800 shares. Based on an average daily volume of 115,800 shares, the days-to-cover ratio is presently 0.2 days.

Neuberger Berman Municipal Fund Stock Performance

NBH traded down $0.08 during trading on Friday, hitting $10.37. 69,799 shares of the company traded hands, compared to its average volume of 88,578. Neuberger Berman Municipal Fund has a one year low of $10.03 and a one year high of $11.41. The firm’s fifty day moving average price is $10.49.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0542 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.27%.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at $25,000. Atala Financial Inc bought a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at about $67,000. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Municipal Fund during the fourth quarter valued at about $91,000. Uniting Wealth Partners LLC bought a new position in Neuberger Berman Municipal Fund during the fourth quarter worth about $105,000. Finally, Walleye Capital LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the third quarter worth about $129,000.

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.