Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Short Interest Down 57.2% in May

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 22,792 shares, a drop of 57.2% from the May 14th total of 53,261 shares. Based on an average daily volume of 66,837 shares, the days-to-cover ratio is presently 0.3 days.

Neuberger Berman Municipal Fund Stock Up 0.2%

Shares of NBH stock opened at $10.45 on Friday. The stock’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $10.30. Neuberger Berman Municipal Fund has a fifty-two week low of $9.69 and a fifty-two week high of $10.64.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.0542 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 29th.

Insider Buying and Selling at Neuberger Berman Municipal Fund

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank bought 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $10.26 per share, with a total value of $32,832.00. Following the acquisition, the insider owned 3,200 shares in the company, valued at $32,832. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 22.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 563,388 shares of the company’s stock valued at $5,814,000 after purchasing an additional 101,693 shares in the last quarter. Rareview Capital LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 26.1% in the 4th quarter. Rareview Capital LLC now owns 417,737 shares of the company’s stock valued at $4,106,000 after purchasing an additional 86,519 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Neuberger Berman Municipal Fund by 65.2% during the 4th quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock valued at $2,911,000 after acquiring an additional 113,534 shares in the last quarter. WESCAP Management Group Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 82.5% during the 4th quarter. WESCAP Management Group Inc. now owns 76,482 shares of the company’s stock valued at $774,000 after acquiring an additional 34,581 shares in the last quarter. Finally, Ackerman Capital Advisors LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 3.5% during the 4th quarter. Ackerman Capital Advisors LLC now owns 92,972 shares of the company’s stock valued at $941,000 after acquiring an additional 3,174 shares in the last quarter.

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.