Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 20,098 shares, a decline of 68.3% from the July 30th total of 63,374 shares. Based on an average trading volume of 88,492 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Neuberger Berman Municipal Fund
Hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 14.2% during the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after purchasing an additional 175,923 shares during the last quarter. Rivernorth Capital Management LLC raised its holdings in Neuberger Berman Municipal Fund by 0.8% during the 2nd quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock worth $9,891,000 after buying an additional 7,716 shares during the period. Guggenheim Capital LLC raised its holdings in Neuberger Berman Municipal Fund by 9.9% during the 4th quarter. Guggenheim Capital LLC now owns 761,618 shares of the company’s stock worth $7,708,000 after buying an additional 68,682 shares during the period. Advisors Asset Management Inc. lifted its stake in Neuberger Berman Municipal Fund by 30.9% during the fourth quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock valued at $7,463,000 after buying an additional 174,032 shares in the last quarter. Finally, UBS Group AG lifted its stake in Neuberger Berman Municipal Fund by 9.5% during the third quarter. UBS Group AG now owns 482,242 shares of the company’s stock valued at $4,977,000 after buying an additional 41,991 shares in the last quarter.
Neuberger Berman Municipal Fund Stock Performance
NYSEAMERICAN:NBH opened at $10.24 on Thursday. The company has a 50-day moving average of $10.34 and a 200-day moving average of $10.33. Neuberger Berman Municipal Fund has a twelve month low of $9.77 and a twelve month high of $10.72.
Neuberger Berman Municipal Fund Announces Dividend
Neuberger Berman Municipal Fund Company Profile
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.
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