Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 56.1% in April

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet 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%.

A number of institutional investors and hedge funds have recently modified their holdings of NBH. Concourse Financial Group Securities Inc. grew its position in Neuberger Berman Municipal Fund by 13.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 8,485 shares of the company’s stock worth $137,000 after purchasing an additional 1,020 shares in the last quarter. Wells Fargo & Company MN raised its position in Neuberger Berman Municipal Fund by 1.4% during the second quarter. Wells Fargo & Company MN now owns 80,657 shares of the company’s stock valued at $1,298,000 after buying an additional 1,131 shares during the period. LPL Financial LLC raised its position in Neuberger Berman Municipal Fund by 3.0% during the fourth quarter. LPL Financial LLC now owns 39,065 shares of the company’s stock valued at $598,000 after buying an additional 1,150 shares during the period. Charter Trust Co. lifted its stake in Neuberger Berman Municipal Fund by 10.6% in the 1st quarter. Charter Trust Co. now owns 18,465 shares of the company’s stock worth $245,000 after acquiring an additional 1,765 shares in the last quarter. Finally, CWM LLC acquired a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth about $49,000.

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.

Read More

Receive News & Ratings for Neuberger Berman Municipal Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Municipal Fund and related companies with MarketBeat.com's FREE daily email newsletter.