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 the month of February. As of February 27th, there was short interest totaling 34,181 shares, a growth of 32.9% from the February 12th total of 25,714 shares. Based on an average daily trading volume, of 98,872 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 98,872 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC raised its position in 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 buying an additional 175,923 shares during the last quarter. Mackay Shields LLC boosted its holdings in shares of 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 in the last quarter. Rivernorth Capital Management LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 15.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock valued at $9,433,000 after acquiring an additional 121,226 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Neuberger Berman Municipal Fund by 9.9% during the fourth quarter. Guggenheim Capital LLC now owns 761,618 shares of the company’s stock worth $7,708,000 after acquiring an additional 68,682 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Neuberger Berman Municipal Fund by 30.9% during the fourth quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after acquiring an additional 174,032 shares during the period.

Neuberger Berman Municipal Fund Stock Performance

NBH stock traded up $0.03 during trading on Friday, hitting $10.26. The company had a trading volume of 62,099 shares, compared to its average volume of 82,875. The firm has a 50-day moving average price of $10.42 and a 200-day moving average price of $10.31. Neuberger Berman Municipal Fund has a 1-year low of $9.47 and a 1-year high of $10.64.

Neuberger Berman Municipal Fund Announces Dividend

The business 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 dividend of $0.0542 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date 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.