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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 57,132 shares, a growth of 184.3% from the August 15th total of 20,098 shares. Based on an average daily volume of 66,807 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NBH. Advisory Services Network LLC purchased a new stake in Neuberger Berman Municipal Fund during the third quarter valued at about $35,000. Elyxium Wealth LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the 4th quarter worth about $43,000. Hollencrest Capital Management boosted its holdings in shares of Neuberger Berman Municipal Fund by 204.2% in the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after purchasing an additional 4,897 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at about $98,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at about $108,000.

Neuberger Berman Municipal Fund Price Performance

NBH stock opened at $9.75 on Friday. The firm has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $10.28. Neuberger Berman Municipal Fund has a one year low of $9.72 and a one year high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.0542 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 6.7%.

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.