Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Drops By 20.9%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 28,300 shares, a decrease of 20.9% from the October 15th total of 35,800 shares. Based on an average daily trading volume, of 77,300 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in Neuberger Berman Municipal Fund during the third quarter worth about $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $91,000. Walleye Capital LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the 3rd quarter worth about $129,000. Avior Wealth Management LLC grew its position in shares of Neuberger Berman Municipal Fund by 25.2% in the 3rd quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock worth $194,000 after acquiring an additional 3,516 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its stake in Neuberger Berman Municipal Fund by 114.1% during the second quarter. NINE MASTS CAPITAL Ltd now owns 36,298 shares of the company’s stock valued at $388,000 after purchasing an additional 19,348 shares during the last quarter.

Neuberger Berman Municipal Fund Price Performance

NBH traded down $0.01 during mid-day trading on Friday, hitting $10.68. 103,713 shares of the stock were exchanged, compared to its average volume of 75,991. Neuberger Berman Municipal Fund has a 1-year low of $9.62 and a 1-year high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.0542 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.09%.

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.