Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) 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
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.
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