Short Interest in Neuberger Berman New York Municipal Fund, Inc. (NYSEAMERICAN:NBO) Declines By 60.9%

Neuberger Berman New York Municipal Fund, Inc. (NYSEAMERICAN:NBOGet Rating) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,800 shares, a drop of 60.9% from the April 30th total of 4,600 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is currently 0.2 days.

Large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its position in Neuberger Berman New York Municipal Fund by 130.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,308 shares of the company’s stock valued at $70,000 after purchasing an additional 3,008 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Neuberger Berman New York Municipal Fund by 20.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,000 shares of the company’s stock valued at $78,000 after purchasing an additional 1,000 shares during the last quarter. Royal Bank of Canada bought a new stake in Neuberger Berman New York Municipal Fund in the 2nd quarter valued at about $91,000. Equitable Holdings Inc. lifted its position in Neuberger Berman New York Municipal Fund by 12.5% in the 1st quarter. Equitable Holdings Inc. now owns 13,500 shares of the company’s stock valued at $157,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Neuberger Berman New York Municipal Fund by 76.4% in the 4th quarter. Bank of America Corp DE now owns 15,725 shares of the company’s stock valued at $204,000 after purchasing an additional 6,812 shares during the last quarter.

Shares of Neuberger Berman New York Municipal Fund stock traded up $0.13 during trading hours on Friday, reaching $10.48. The company’s stock had a trading volume of 12,972 shares, compared to its average volume of 10,203. Neuberger Berman New York Municipal Fund has a one year low of $9.74 and a one year high of $13.60.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.0393 dividend. The ex-dividend date is Friday, May 27th. This represents a $0.47 annualized dividend and a yield of 4.50%.

Neuberger Berman New York Municipal Fund Company Profile (Get Rating)

Neuberger Berman New York Municipal Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Management LLC. The fund is co-managed by Neuberger Berman LLC. It invests in the fixed income markets of the United States. The fund primarily invests in tax-exempt municipal bonds with remaining maturities of less than 15 years.

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