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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 25,714 shares, a decline of 27.1% from the January 29th total of 35,284 shares. Based on an average daily trading volume, of 82,108 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 82,108 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Neuberger Berman Municipal Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in Neuberger Berman Municipal Fund during the third quarter worth about $35,000. Elyxium Wealth LLC purchased a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at approximately $43,000. Hollencrest Capital Management lifted 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 acquiring an additional 4,897 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $98,000. Finally, PFG Investments LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at approximately $101,000.

Neuberger Berman Municipal Fund Trading Down 0.7%

Shares of Neuberger Berman Municipal Fund stock opened at $10.47 on Wednesday. Neuberger Berman Municipal Fund has a fifty-two week low of $9.47 and a fifty-two week high of $10.72. The stock has a 50 day moving average of $10.39 and a 200 day moving average of $10.29.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.0542 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 27th.

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.