Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 45.2% in January

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 13,600 shares, a drop of 45.2% from the December 31st total of 24,800 shares. Based on an average trading volume of 104,300 shares, the short-interest ratio is currently 0.1 days.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN NBH traded down $0.03 during mid-day trading on Friday, hitting $10.50. The company had a trading volume of 70,517 shares, compared to its average volume of 99,686. Neuberger Berman Municipal Fund has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, January 31st.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the fourth quarter worth about $25,000. Callahan Advisors LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter worth approximately $756,000. Van ECK Associates Corp boosted its holdings in shares of Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after acquiring an additional 32,493 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at approximately $163,000. Finally, Avior Wealth Management LLC raised its holdings in Neuberger Berman Municipal Fund by 15.1% during the fourth quarter. Avior Wealth Management LLC now owns 20,128 shares of the company’s stock worth $208,000 after purchasing an additional 2,642 shares in the last quarter.

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.