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

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 22,792 shares, a decline of 57.2% from the May 14th total of 53,261 shares. Based on an average daily volume of 66,837 shares, the days-to-cover ratio is currently 0.3 days.

Neuberger Berman Municipal Fund Trading Down 0.6%

NYSEAMERICAN NBH traded down $0.06 during trading on Friday, reaching $10.39. The company’s stock had a trading volume of 74,789 shares, compared to its average volume of 92,420. Neuberger Berman Municipal Fund has a twelve month low of $9.69 and a twelve month high of $10.64. The business’s fifty day moving average price is $10.29 and its 200-day moving average price is $10.30.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 29th.

Insider Buying and Selling

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the purchase, the insider owned 3,200 shares in the company, valued at $32,832. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NBH. Advisory Services Network LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the third quarter worth about $35,000. Elyxium Wealth LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter worth about $43,000. Hollencrest Capital Management increased its stake in shares of Neuberger Berman Municipal Fund by 204.2% during the fourth quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after acquiring an additional 4,897 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth about $98,000. Finally, PFG Investments LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter worth about $101,000.

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.