Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) Short Interest Down 94.3% in March

Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totalling 500 shares, a drop of 94.3% from the February 27th total of 8,700 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

NYSEAMERICAN NBO traded up $0.17 during mid-day trading on Thursday, hitting $11.67. The stock had a trading volume of 3,600 shares, compared to its average volume of 15,093. Neuberger Berman New York Muncipl Fd has a twelve month low of $9.00 and a twelve month high of $13.20.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.0393 dividend. This represents a $0.47 annualized dividend and a yield of 4.04%. The ex-dividend date is Monday, March 30th.

In other Neuberger Berman New York Muncipl Fd news, insider Bradley Tank bought 17,394 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $11.07 per share, for a total transaction of $192,551.58.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Carmichael Hill & Associates Inc. acquired a new position in Neuberger Berman New York Muncipl Fd in the 4th quarter valued at $32,000. Rivernorth Capital Management LLC raised its stake in Neuberger Berman New York Muncipl Fd by 41.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 504,300 shares of the company’s stock valued at $6,309,000 after purchasing an additional 147,845 shares during the last quarter. Ackerman Capital Advisors LLC raised its stake in Neuberger Berman New York Muncipl Fd by 90.6% in the 4th quarter. Ackerman Capital Advisors LLC now owns 32,504 shares of the company’s stock valued at $406,000 after purchasing an additional 15,451 shares during the last quarter. Guggenheim Capital LLC raised its stake in Neuberger Berman New York Muncipl Fd by 98.9% in the 4th quarter. Guggenheim Capital LLC now owns 117,230 shares of the company’s stock valued at $1,460,000 after purchasing an additional 58,292 shares during the last quarter. Finally, UBS Group AG raised its stake in Neuberger Berman New York Muncipl Fd by 5.7% in the 4th quarter. UBS Group AG now owns 47,916 shares of the company’s stock valued at $597,000 after purchasing an additional 2,601 shares during the last quarter.

About Neuberger Berman New York Muncipl Fd

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

See Also: What is a support level?

Receive News & Ratings for Neuberger Berman New York Muncipl Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman New York Muncipl Fd and related companies with MarketBeat.com's FREE daily email newsletter.