Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Sees Large Growth in Short Interest

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 57,132 shares, a growth of 184.3% from the August 15th total of 20,098 shares. Based on an average daily volume of 66,807 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC lifted its stake in Neuberger Berman Municipal Fund by 14.2% in the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after purchasing an additional 175,923 shares in the last quarter. Rivernorth Capital Management LLC boosted its holdings in Neuberger Berman Municipal Fund by 0.8% in the 2nd quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock valued at $9,891,000 after purchasing an additional 7,716 shares during the period. Guggenheim Capital LLC boosted its holdings in Neuberger Berman Municipal Fund by 9.9% in the 4th quarter. Guggenheim Capital LLC now owns 761,618 shares of the company’s stock valued at $7,708,000 after purchasing an additional 68,682 shares during the period. Advisors Asset Management Inc. grew its position in shares of Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock valued at $7,463,000 after purchasing an additional 174,032 shares in the last quarter. Finally, Robinson Capital Management LLC grew its position in shares of Neuberger Berman Municipal Fund by 20.5% during the 2nd quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock valued at $5,405,000 after purchasing an additional 87,042 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN NBH opened at $9.75 on Friday. Neuberger Berman Municipal Fund has a 52 week low of $9.72 and a 52 week high of $10.72. The business has a 50-day simple moving average of $10.23 and a two-hundred day simple moving average of $10.28.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.0542 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 31st.

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.