Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH) Short Interest Down 87.2% in March

Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH) was the target of a large drop in short interest in March. As of March 13th, there was short interest totalling 5,300 shares, a drop of 87.2% from the February 27th total of 41,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.1 days.

NYSEAMERICAN:NBH traded up $0.10 on Thursday, reaching $13.67. 58,400 shares of the stock traded hands, compared to its average volume of 54,729. Neuberger Berman Municipal Fund has a 12 month low of $11.15 and a 12 month high of $16.85.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.0624 per share. The ex-dividend date is Monday, March 30th. This represents a $0.75 dividend on an annualized basis and a yield of 5.48%.

A number of large investors have recently added to or reduced their stakes in NBH. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 2.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 89,994 shares of the company’s stock valued at $1,387,000 after acquiring an additional 2,358 shares during the last quarter. Pacitti Group Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at about $41,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at about $47,000. ProVise Management Group LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 4.7% during the 4th quarter. ProVise Management Group LLC now owns 80,634 shares of the company’s stock valued at $1,243,000 after acquiring an additional 3,585 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Neuberger Berman Municipal Fund by 3.4% during the 4th quarter. Bank of America Corp DE now owns 112,740 shares of the company’s stock valued at $1,737,000 after acquiring an additional 3,709 shares during the last quarter.

About Neuberger Berman Municipal Fund

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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