Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Up 184.3% in August

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 57,132 shares, an increase of 184.3% from the August 15th total of 20,098 shares. Based on an average trading volume of 66,807 shares, the days-to-cover ratio is presently 0.9 days.

Neuberger Berman Municipal Fund Stock Performance

Shares of Neuberger Berman Municipal Fund stock traded down $0.05 during midday trading on Monday, hitting $9.70. The company had a trading volume of 63,648 shares, compared to its average volume of 92,858. The company has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.28. Neuberger Berman Municipal Fund has a 12-month low of $9.70 and a 12-month high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 dividend yield of 6.7%.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of large investors have recently made changes to their positions in the stock. Bridgewater Advisors Inc. acquired a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth about $533,000. Worthington Financial Partners LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at about $1,445,000. Bank of New York Mellon Corp purchased a new position in shares of Neuberger Berman Municipal Fund in the second quarter worth about $585,000. Robinson Capital Management LLC raised its stake in shares of Neuberger Berman Municipal Fund by 20.5% in the second quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock worth $5,405,000 after purchasing an additional 87,042 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Neuberger Berman Municipal Fund by 65.2% during the fourth quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after purchasing an additional 113,534 shares during the period.

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.