Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Rating) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 10,500 shares, a decrease of 56.1% from the March 31st total of 23,900 shares. Based on an average daily trading volume, of 50,900 shares, the short-interest ratio is currently 0.2 days.
Shares of NYSEAMERICAN NBH traded down $0.17 during mid-day trading on Friday, reaching $11.97. The company had a trading volume of 89,365 shares, compared to its average volume of 50,362. Neuberger Berman Municipal Fund has a 1-year low of $11.81 and a 1-year high of $17.47.
The business also recently declared a monthly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be given a $0.0503 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.04%.
About Neuberger Berman Municipal Fund (Get Rating)
Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.
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