Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Expands By 69.9%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 63,374 shares, a growth of 69.9% from the July 15th total of 37,291 shares. Based on an average daily volume of 81,199 shares, the days-to-cover ratio is currently 0.8 days.

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $10.26 per share, with a total value of $32,832.00. Following the acquisition, the insider directly owned 3,200 shares in the company, valued at $32,832. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Trading of Neuberger Berman Municipal Fund

A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Neuberger Berman Municipal Fund during the third quarter worth approximately $35,000. Elyxium Wealth LLC acquired a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth approximately $43,000. Hollencrest Capital Management increased its stake in Neuberger Berman Municipal Fund by 204.2% during the 4th 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. PFG Investments LLC acquired a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $101,000. Finally, Nomura Holdings Inc. acquired a new position in Neuberger Berman Municipal Fund in the 2nd quarter valued at $98,000.

Neuberger Berman Municipal Fund Stock Up 0.1%

Shares of NBH traded up $0.01 during midday trading on Monday, reaching $10.34. 97,194 shares of the stock were exchanged, compared to its average volume of 95,540. The stock’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $10.34. Neuberger Berman Municipal Fund has a twelve month low of $9.76 and a twelve month high of $10.72.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.0542 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 6.3%.

About Neuberger Berman Municipal Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Neuberger Berman Municipal Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Municipal Fund and related companies with MarketBeat.com's FREE daily email newsletter.