Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Increases By 652.5%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 44,400 shares, a growth of 652.5% from the February 29th total of 5,900 shares. Based on an average trading volume of 85,800 shares, the short-interest ratio is presently 0.5 days.

Neuberger Berman Municipal Fund Trading Up 0.5 %

Shares of NYSEAMERICAN:NBH traded up $0.05 during midday trading on Friday, reaching $10.47. The company’s stock had a trading volume of 48,631 shares, compared to its average volume of 75,602. Neuberger Berman Municipal Fund has a twelve month low of $8.75 and a twelve month high of $11.01.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.0377 per share. This represents a $0.45 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, March 27th.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $50,000. PNC Financial Services Group Inc. grew its holdings in Neuberger Berman Municipal Fund by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after acquiring an additional 1,028 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $112,000. Kestra Private Wealth Services LLC grew its holdings in Neuberger Berman Municipal Fund by 23.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 13,125 shares of the company’s stock worth $121,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $125,000.

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.