Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 20.9% in October

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 28,300 shares, a drop of 20.9% from the October 15th total of 35,800 shares. Based on an average trading volume of 77,300 shares, the short-interest ratio is currently 0.4 days.

Neuberger Berman Municipal Fund Stock Performance

NBH traded down $0.01 during midday trading on Friday, reaching $10.68. 103,713 shares of the company’s stock were exchanged, compared to its average volume of 75,991. Neuberger Berman Municipal Fund has a 1-year low of $9.62 and a 1-year high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Thursday, October 31st.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several hedge funds have recently bought and sold shares of NBH. Sanctuary Advisors LLC purchased a new position in Neuberger Berman Municipal Fund during the second quarter valued at $667,000. Almitas Capital LLC lifted its holdings in Neuberger Berman Municipal Fund by 73.0% during the 2nd quarter. Almitas Capital LLC now owns 62,971 shares of the company’s stock worth $673,000 after buying an additional 26,569 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Neuberger Berman Municipal Fund by 4.9% during the second quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock worth $2,608,000 after acquiring an additional 11,485 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth approximately $91,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Neuberger Berman Municipal Fund by 201.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 57,581 shares of the company’s stock valued at $615,000 after purchasing an additional 38,454 shares during the period.

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.