Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Shorted: Short Interest Down 76.3% in October

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 25,899 shares, a drop of 76.3% from the September 30th total of 109,285 shares. Based on an average daily volume of 249,158 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBH. Van ECK Associates Corp lifted its holdings in Neuberger Berman Municipal Fund by 0.4% during the 2nd quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock worth $2,966,000 after buying an additional 1,251 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 7.9% in the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock valued at $201,000 after purchasing an additional 1,448 shares during the last quarter. Hollencrest Capital Management increased its position in shares of Neuberger Berman Municipal Fund by 32.8% during the first quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock worth $98,000 after buying an additional 2,392 shares during the period. Bank of New York Mellon Corp raised its stake in Neuberger Berman Municipal Fund by 14.6% during the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after buying an additional 2,804 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its stake in Neuberger Berman Municipal Fund by 0.8% during the second quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock worth $9,891,000 after buying an additional 7,716 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock traded up $0.10 during mid-day trading on Thursday, reaching $9.54. 105,260 shares of the stock traded hands, compared to its average volume of 107,448. The stock’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $10.13. Neuberger Berman Municipal Fund has a 1-year low of $8.77 and a 1-year high of $10.72.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be given a dividend of $0.0542 per share. The ex-dividend date is Friday, October 30th. This represents a $0.65 annualized dividend and a yield of 6.8%.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities in the United States and its territories.

The portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public projects and services. The fund may also invest in securities with different credit qualities and maturities, subject to its investment policies, allowing it to pursue income while managing interest-rate and credit-related risks.

NBH is managed by Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman, an independent, employee-owned investment manager.