Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Sees Large Increase in Short Interest

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 67,762 shares, an increase of 436.8% from the December 31st total of 12,624 shares. Based on an average daily trading volume, of 83,410 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 83,410 shares, the short-interest ratio is presently 0.8 days.

Neuberger Berman Municipal Fund Price Performance

Neuberger Berman Municipal Fund stock traded up $0.10 during trading hours on Thursday, hitting $10.50. 107,555 shares of the stock were exchanged, compared to its average volume of 82,898. Neuberger Berman Municipal Fund has a 12 month low of $9.47 and a 12 month high of $10.82. The business’s 50-day moving average is $10.25 and its two-hundred day moving average is $10.17.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a $0.0542 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Trading of Neuberger Berman Municipal Fund

Several large investors have recently made changes to their positions in the business. Pathstone Holdings LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 14.2% in 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 in the last quarter. Mackay Shields LLC grew its stake in Neuberger Berman Municipal Fund by 4.5% in the third quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock valued at $12,731,000 after acquiring an additional 52,597 shares during the period. Advisors Asset Management Inc. grew its position in shares of Neuberger Berman Municipal Fund by 22.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 563,388 shares of the company’s stock valued at $5,814,000 after purchasing an additional 101,693 shares during the period. UBS Group AG boosted its holdings in shares of Neuberger Berman Municipal Fund by 9.5% in the third quarter. UBS Group AG now owns 482,242 shares of the company’s stock valued at $4,977,000 after buying an additional 41,991 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Neuberger Berman Municipal Fund by 95.9% in the 2nd quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock worth $4,471,000 after purchasing an additional 222,668 shares during the period.

Neuberger Berman Municipal Fund Company Profile

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.