Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Update

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 63,374 shares, an increase of 69.9% from the July 15th total of 37,291 shares. Based on an average daily volume of 81,199 shares, the days-to-cover ratio is presently 0.8 days.

Neuberger Berman Municipal Fund Trading Down 0.7%

Shares of NBH traded down $0.07 during trading hours on Tuesday, hitting $10.27. 71,025 shares of the stock were exchanged, compared to its average volume of 95,373. Neuberger Berman Municipal Fund has a fifty-two week low of $9.76 and a fifty-two week high of $10.72. The business has a 50-day moving average of $10.37 and a 200-day moving average of $10.34.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently declared 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 of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the transaction, the insider owned 3,200 shares of the company’s stock, valued at approximately $32,832. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Trading of Neuberger Berman Municipal Fund

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the 3rd quarter valued at about $35,000. Elyxium Wealth LLC acquired a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth approximately $43,000. Hollencrest Capital Management grew its stake in 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 purchasing an additional 4,897 shares during the period. Nomura Holdings Inc. bought a new stake in Neuberger Berman Municipal Fund in the second quarter worth approximately $98,000. Finally, PFG Investments LLC bought a new stake in Neuberger Berman Municipal Fund in the fourth quarter worth approximately $101,000.

About Neuberger Berman Municipal Fund

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.