Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Shorted: Short Interest Up 73.7% in September

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 109,285 shares, an increase of 73.7% from the September 15th total of 62,898 shares. Based on an average daily volume of 152,515 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management grew its holdings in Neuberger Berman Municipal Fund by 32.8% during the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock worth $98,000 after acquiring an additional 2,392 shares during the last quarter. NewEdge Advisors LLC increased its position in Neuberger Berman Municipal Fund by 455.8% in the 2nd quarter. NewEdge Advisors LLC now owns 16,584 shares of the company’s stock valued at $175,000 after acquiring an additional 13,600 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Neuberger Berman Municipal Fund by 7.9% during the first quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock valued at $201,000 after acquiring an additional 1,448 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Neuberger Berman Municipal Fund during the second quarter valued at $220,000. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 valued at $224,000 after acquiring an additional 2,804 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of Neuberger Berman Municipal Fund stock traded up $0.13 on Thursday, hitting $9.05. The stock had a trading volume of 171,252 shares, compared to its average volume of 104,415. The stock has a 50 day moving average of $9.72 and a 200 day moving average of $10.11. Neuberger Berman Municipal Fund has a twelve month low of $8.77 and a twelve month high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0542 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.65 annualized dividend and a yield of 7.2%.

About Neuberger Berman Municipal Fund

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.