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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 34,181 shares, an increase of 32.9% from the February 12th total of 25,714 shares. Based on an average daily volume of 98,872 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 98,872 shares, the days-to-cover ratio is currently 0.3 days.

Neuberger Berman Municipal Fund Stock Up 0.3%

Shares of NYSEAMERICAN NBH traded up $0.03 during midday trading on Friday, hitting $10.26. The company had a trading volume of 62,099 shares, compared to its average volume of 82,875. Neuberger Berman Municipal Fund has a twelve month low of $9.47 and a twelve month high of $10.64. The business has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $10.31.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund by 22.0% during the third 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. Envestnet Asset Management Inc. increased its position in shares of Neuberger Berman Municipal Fund by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 122,495 shares of the company’s stock valued at $1,204,000 after buying an additional 5,139 shares in the last quarter. Mackay Shields LLC increased its position in shares of Neuberger Berman Municipal Fund by 4.5% in the third quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock valued at $12,731,000 after buying an additional 52,597 shares in the last quarter. Atala Financial Inc raised its stake in shares of Neuberger Berman Municipal Fund by 96.1% during the 3rd quarter. Atala Financial Inc now owns 102,158 shares of the company’s stock worth $1,054,000 after buying an additional 50,064 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Neuberger Berman Municipal Fund by 95.9% in the 2nd quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock worth $4,471,000 after buying 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.