Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Declines By 68.3%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 20,098 shares, a decline of 68.3% from the July 30th total of 63,374 shares. Based on an average daily volume of 88,492 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Municipal Fund Stock Up 0.3%

Shares of Neuberger Berman Municipal Fund stock opened at $10.24 on Thursday. The business has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $10.33. Neuberger Berman Municipal Fund has a 12 month low of $9.77 and a 12 month high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.0542 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

A number of large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC grew its position in Neuberger Berman Municipal Fund by 0.8% during the second 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 in the last quarter. Van ECK Associates Corp boosted its stake in shares of Neuberger Berman Municipal Fund by 0.4% during the 2nd quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock valued at $2,966,000 after buying an additional 1,251 shares during the period. Bank of America Corp DE purchased a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at $1,764,000. Evolve Private Wealth LLC purchased a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at $220,000. Finally, Cura Wealth Advisors LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the second quarter worth $717,000.

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.