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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 57,132 shares, a growth of 184.3% from the August 15th total of 20,098 shares. Based on an average daily trading volume, of 66,807 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Robinson Capital Management LLC raised its position in shares of Neuberger Berman Municipal Fund by 20.5% in the 2nd quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock worth $5,405,000 after purchasing an additional 87,042 shares during the last quarter. NewEdge Advisors LLC increased its stake in Neuberger Berman Municipal Fund by 455.8% during the 2nd quarter. NewEdge Advisors LLC now owns 16,584 shares of the company’s stock valued at $175,000 after purchasing an additional 13,600 shares in the last quarter. Rivernorth Capital Management LLC raised its holdings in Neuberger Berman Municipal Fund by 0.8% in the second 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 last quarter. Van ECK Associates Corp raised its holdings in Neuberger Berman Municipal Fund by 0.4% in the second quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock worth $2,966,000 after buying an additional 1,251 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Neuberger Berman Municipal Fund in the second quarter worth approximately $1,764,000.

Neuberger Berman Municipal Fund Stock Down 0.5%

NYSEAMERICAN:NBH opened at $9.70 on Tuesday. The firm’s 50-day moving average price is $10.21 and its 200-day moving average price is $10.27. Neuberger Berman Municipal Fund has a 1-year low of $9.70 and a 1-year high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.0542 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 6.7%.

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.

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