Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get 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.
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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