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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Rating) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 6,700 shares, a drop of 15.2% from the April 30th total of 7,900 shares. Based on an average daily trading volume, of 57,700 shares, the days-to-cover ratio is presently 0.1 days.

NBH stock opened at $12.05 on Wednesday. Neuberger Berman Municipal Fund has a 12 month low of $10.97 and a 12 month high of $17.47.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.0503 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, May 27th.

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Neuberger Berman Municipal Fund by 24.0% during the 1st quarter. Royal Bank of Canada now owns 99,207 shares of the company’s stock valued at $1,317,000 after purchasing an additional 19,179 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 32.8% during the 1st quarter. Guggenheim Capital LLC now owns 241,655 shares of the company’s stock valued at $3,209,000 after purchasing an additional 59,722 shares during the last quarter. Samalin Investment Counsel LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 31.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 37,468 shares of the company’s stock valued at $498,000 after purchasing an additional 8,967 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Neuberger Berman Municipal Fund by 3.8% during the 1st quarter. First Trust Advisors LP now owns 32,209 shares of the company’s stock valued at $428,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Neuberger Berman Municipal Fund by 4.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 82,757 shares of the company’s stock worth $1,099,000 after acquiring an additional 3,622 shares during the last quarter.

Neuberger Berman Municipal Fund Company Profile (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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