Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Rises By 84.4%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 37,800 shares, a growth of 84.4% from the February 13th total of 20,500 shares. Based on an average daily trading volume, of 117,800 shares, the days-to-cover ratio is presently 0.3 days.

Neuberger Berman Municipal Fund Trading Down 0.3 %

Shares of NBH stock traded down $0.03 during mid-day trading on Friday, hitting $10.41. The stock had a trading volume of 67,018 shares, compared to its average volume of 87,036. Neuberger Berman Municipal Fund has a 12-month low of $10.03 and a 12-month high of $11.41. The stock has a 50-day moving average of $10.43.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.0542 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, February 28th.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth $300,000. Nuveen Asset Management LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 162.5% during the 4th quarter. Nuveen Asset Management LLC now owns 37,869 shares of the company’s stock worth $392,000 after purchasing an additional 23,441 shares during the last quarter. Bulldog Investors LLP lifted its stake in shares of Neuberger Berman Municipal Fund by 76.7% during the 4th quarter. Bulldog Investors LLP now owns 276,817 shares of the company’s stock worth $2,865,000 after purchasing an additional 120,131 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Neuberger Berman Municipal Fund by 53.7% during the 4th quarter. Bank of America Corp DE now owns 156,117 shares of the company’s stock worth $1,616,000 after purchasing an additional 54,538 shares during the last quarter. Finally, 1607 Capital Partners LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 38.5% during the 4th quarter. 1607 Capital Partners LLC now owns 1,086,362 shares of the company’s stock worth $11,244,000 after purchasing an additional 301,844 shares during the last quarter.

About Neuberger Berman Municipal Fund

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.