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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 78,227 shares, an increase of 216.6% from the March 15th total of 24,710 shares. Based on an average daily trading volume, of 112,924 shares, the days-to-cover ratio is presently 0.7 days.

Neuberger Berman Municipal Fund Stock Down 0.1%

NYSEAMERICAN NBH traded down $0.01 on Friday, reaching $10.18. The stock had a trading volume of 162,220 shares, compared to its average volume of 93,603. Neuberger Berman Municipal Fund has a 12-month low of $9.47 and a 12-month high of $10.64. The stock has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $10.29.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.0542 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Trading of Neuberger Berman Municipal Fund

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the third quarter worth $35,000. Elyxium Wealth LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter worth $43,000. Hollencrest Capital Management increased its position in shares of Neuberger Berman Municipal Fund by 204.2% during the fourth quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after acquiring an additional 4,897 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund during the second quarter worth $98,000. Finally, PFG Investments LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter worth $101,000.

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.