Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Sees Significant Drop in Short Interest

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

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in Neuberger Berman Municipal Fund in the fourth quarter valued at $67,000. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at about $91,000. Uniting Wealth Partners LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $105,000. Finally, Walleye Capital LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 3rd quarter worth about $129,000.

Neuberger Berman Municipal Fund Stock Performance

Neuberger Berman Municipal Fund stock traded down $0.08 during mid-day trading on Friday, hitting $10.37. 69,799 shares of the stock were exchanged, compared to its average volume of 88,578. The firm’s fifty day moving average price is $10.49. Neuberger Berman Municipal Fund has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0542 per share. The ex-dividend date is Monday, March 31st. This represents a $0.65 annualized dividend and a dividend yield of 6.27%.

Neuberger Berman Municipal Fund Company Profile

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.