Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 47.9% in January

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

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH traded up $0.01 during trading hours on Friday, hitting $10.61. 49,964 shares of the company were exchanged, compared to its average volume of 82,182. Neuberger Berman Municipal Fund has a fifty-two week low of $9.47 and a fifty-two week high of $10.82. The firm’s fifty day moving average is $10.31 and its 200 day moving average is $10.22.

Neuberger Berman Municipal Fund Dividend Announcement

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

Institutional Trading of Neuberger Berman Municipal Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NBH. Pathstone Holdings LLC boosted its position in shares of Neuberger Berman Municipal Fund by 14.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after acquiring an additional 175,923 shares in the last quarter. Mackay Shields LLC lifted its stake in Neuberger Berman Municipal Fund by 4.5% during the third quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock worth $12,731,000 after purchasing an additional 52,597 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 30.9% in the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock valued at $7,463,000 after purchasing an additional 174,032 shares in the last quarter. UBS Group AG boosted its holdings in shares of Neuberger Berman Municipal Fund by 9.5% in the 3rd quarter. UBS Group AG now owns 482,242 shares of the company’s stock valued at $4,977,000 after purchasing an additional 41,991 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Neuberger Berman Municipal Fund by 95.9% in the 2nd quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock valued at $4,471,000 after purchasing an additional 222,668 shares during the last quarter.

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.