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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 35,284 shares, a drop of 47.9% from the January 15th total of 67,762 shares. Based on an average daily volume of 81,147 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 81,147 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of large investors have recently bought and sold shares of the stock. Pathstone Holdings LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 14.2% during the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after purchasing an additional 175,923 shares during the period. Mackay Shields LLC increased its position in Neuberger Berman Municipal Fund by 4.5% in the 3rd quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock valued at $12,731,000 after buying an additional 52,597 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after buying an additional 174,032 shares during the period. UBS Group AG boosted its holdings in Neuberger Berman Municipal Fund by 9.5% in the third quarter. UBS Group AG now owns 482,242 shares of the company’s stock worth $4,977,000 after acquiring an additional 41,991 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Neuberger Berman Municipal Fund by 95.9% in the second quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock valued at $4,471,000 after acquiring an additional 222,668 shares during the period.

Neuberger Berman Municipal Fund Price Performance

NBH traded up $0.01 during trading on Friday, hitting $10.61. The company’s stock had a trading volume of 49,964 shares, compared to its average volume of 82,182. Neuberger Berman Municipal Fund has a twelve month low of $9.47 and a twelve month high of $10.82. The stock’s fifty day moving average price is $10.31 and its 200-day moving average price is $10.22.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, January 30th.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.