Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Grows By 32.9%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 34,181 shares, a growth of 32.9% from the February 12th total of 25,714 shares. Based on an average trading volume of 98,872 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 98,872 shares, the days-to-cover ratio is presently 0.3 days.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH opened at $10.25 on Tuesday. Neuberger Berman Municipal Fund has a 1-year low of $9.47 and a 1-year high of $10.64. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $10.31.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.0542 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Trading of Neuberger Berman Municipal Fund

Large investors have recently made changes to their positions in the company. Worthington Financial Partners LLC purchased a new position in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $1,445,000. Virtu Financial LLC purchased a new stake in Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $166,000. Invesco Ltd. lifted its stake in Neuberger Berman Municipal Fund by 12.6% in the fourth quarter. Invesco Ltd. now owns 158,151 shares of the company’s stock valued at $1,600,000 after buying an additional 17,660 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $186,000. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 15.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock valued at $9,433,000 after acquiring an additional 121,226 shares during the period.

About Neuberger Berman Municipal Fund

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.