Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Increases By 436.8%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 67,762 shares, a growth of 436.8% from the December 31st total of 12,624 shares. Based on an average daily volume of 83,410 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 83,410 shares, the short-interest ratio is currently 0.8 days.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH stock opened at $10.29 on Wednesday. Neuberger Berman Municipal Fund has a 12-month low of $9.47 and a 12-month high of $10.82. The business has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $10.16.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Trading of Neuberger Berman Municipal Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NBH. Advisory Services Network LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 3rd quarter worth approximately $35,000. PFG Investments LLC acquired a new stake in Neuberger Berman Municipal Fund in the fourth quarter worth approximately $101,000. Nomura Holdings Inc. bought a new position in Neuberger Berman Municipal Fund during the 2nd quarter valued at $98,000. Osaic Holdings Inc. increased its position in shares of Neuberger Berman Municipal Fund by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock valued at $148,000 after purchasing an additional 1,859 shares during the period. Finally, Williams Jones Wealth Management LLC. acquired a new position in shares of Neuberger Berman Municipal Fund during the 3rd quarter valued at $178,000.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.