Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 20.9% in October

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant decline in short interest in 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 days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC increased its holdings 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 last quarter. Whitebox Advisors LLC increased its holdings in Neuberger Berman Municipal Fund by 167.6% in the 2nd quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock valued at $2,664,000 after buying an additional 156,249 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Neuberger Berman Municipal Fund by 277.1% during 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth $667,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $574,000.

Neuberger Berman Municipal Fund Stock Performance

NBH traded down $0.01 during midday trading on Friday, reaching $10.68. 103,713 shares of the company’s stock were exchanged, compared to its average volume of 75,991. Neuberger Berman Municipal Fund has a one year low of $9.62 and a one year high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.0542 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Thursday, October 31st.

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.