Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 57.3% in December

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 12,624 shares, a decline of 57.3% from the December 15th total of 29,571 shares. Based on an average daily volume of 171,394 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 171,394 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Neuberger Berman Municipal Fund

Several institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC raised its stake in Neuberger Berman Municipal Fund by 3.3% during the 2nd quarter. Park Avenue Securities LLC now owns 110,926 shares of the company’s stock worth $1,090,000 after acquiring an additional 3,522 shares in the last quarter. Riverbridge Partners LLC increased its position in shares of Neuberger Berman Municipal Fund by 5.2% during the second quarter. Riverbridge Partners LLC now owns 43,887 shares of the company’s stock worth $431,000 after purchasing an additional 2,186 shares in the last quarter. Plancorp LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 25.0% in the 2nd quarter. Plancorp LLC now owns 50,009 shares of the company’s stock valued at $492,000 after purchasing an additional 10,000 shares during the last quarter. Mackay Shields LLC boosted its position in shares of Neuberger Berman Municipal Fund by 25.5% in the 2nd quarter. Mackay Shields LLC now owns 1,180,981 shares of the company’s stock valued at $11,609,000 after purchasing an additional 239,589 shares during the period. Finally, Integrated Capital Management Inc. grew its stake in Neuberger Berman Municipal Fund by 14.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 24,736 shares of the company’s stock worth $243,000 after buying an additional 3,216 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Up 1.0%

NYSEAMERICAN NBH traded up $0.10 during trading on Wednesday, reaching $10.41. 73,923 shares of the company’s stock were exchanged, compared to its average volume of 76,425. The company has a 50 day moving average price of $10.23 and a two-hundred day moving average price of $10.13. Neuberger Berman Municipal Fund has a 1 year low of $9.47 and a 1 year high of $10.82.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, December 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.