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

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

Institutional Trading of Neuberger Berman Municipal Fund

Several institutional investors have recently made changes to their positions in NBH. Pathstone Holdings LLC boosted its stake in Neuberger Berman Municipal Fund by 234.8% during the third quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock worth $3,922,000 after buying an additional 247,552 shares during the period. Whitebox Advisors LLC boosted its position in shares of Neuberger Berman Municipal Fund by 167.6% during the 2nd quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock worth $2,664,000 after purchasing an additional 156,249 shares during the period. Van ECK Associates Corp increased its holdings in Neuberger Berman Municipal Fund by 4.9% in the 2nd quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock valued at $2,608,000 after purchasing an additional 11,485 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Neuberger Berman Municipal Fund by 277.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock valued at $2,323,000 after purchasing an additional 153,617 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Neuberger Berman Municipal Fund during the second quarter worth $667,000.

Neuberger Berman Municipal Fund Price Performance

NBH traded down $0.01 during trading on Friday, reaching $10.68. The company’s stock had a trading volume of 103,713 shares, 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.0542 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.65 annualized dividend and a 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.