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

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

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank bought 3,200 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the acquisition, the insider owned 3,200 shares in the company, valued at approximately $32,832. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

A number of institutional investors have recently bought and sold shares of NBH. Pathstone Holdings LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 14.2% in the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after purchasing an additional 175,923 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after buying an additional 174,032 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth about $1,764,000. Worthington Financial Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $1,445,000. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 15.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock worth $9,433,000 after buying an additional 121,226 shares during the period.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH traded up $0.01 during midday trading on Monday, reaching $10.34. The stock had a trading volume of 97,194 shares, compared to its average volume of 95,540. The firm has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.34. Neuberger Berman Municipal Fund has a one year low of $9.76 and a one year high of $10.72.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.0542 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.