Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Update

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant growth in short interest during 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 volume of 117,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Neuberger Berman Municipal Fund during the fourth quarter worth $25,000. Farther Finance Advisors LLC purchased a new position in Neuberger Berman Municipal Fund during the third quarter worth $36,000. Atala Financial Inc purchased a new position in Neuberger Berman Municipal Fund during the fourth quarter worth $67,000. Wolverine Asset Management LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at $91,000. Finally, Uniting Wealth Partners LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at $105,000.

Neuberger Berman Municipal Fund Stock Performance

NBH traded down $0.03 during trading hours on Friday, hitting $10.41. The company’s stock had a trading volume of 67,018 shares, compared to its average volume of 87,126. The firm has a 50-day moving average of $10.43. Neuberger Berman Municipal Fund has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

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

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.