Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 48.4% in March

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 19,500 shares, a decline of 48.4% from the February 28th total of 37,800 shares. Based on an average daily volume of 115,800 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Municipal Fund Stock Down 0.6 %

Neuberger Berman Municipal Fund stock traded down $0.06 during midday trading on Friday, hitting $10.38. 95,014 shares of the company’s stock were exchanged, compared to its average volume of 88,818. The stock’s 50-day moving average price is $10.49. Neuberger Berman Municipal Fund has a 52-week low of $10.03 and a 52-week high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.26%. The ex-dividend date is Monday, March 31st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NBH. Van ECK Associates Corp increased its stake in Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after acquiring an additional 32,493 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Neuberger Berman Municipal Fund by 2.5% during the 4th quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,554 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Neuberger Berman Municipal Fund during the 3rd quarter valued at about $129,000. Advisors Asset Management Inc. boosted its stake in Neuberger Berman Municipal Fund by 20.7% in the fourth quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock worth $3,163,000 after buying an additional 52,317 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at $638,000.

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.