Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Stock Short Interest Report for October

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 25,899 shares, a drop of 76.3% from the September 30th total of 109,285 shares. Based on an average daily trading volume, of 249,158 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its holdings in Neuberger Berman Municipal Fund by 32.8% in the first quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock worth $98,000 after buying an additional 2,392 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 455.8% during the 2nd quarter. NewEdge Advisors LLC now owns 16,584 shares of the company’s stock worth $175,000 after acquiring an additional 13,600 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after acquiring an additional 1,448 shares during the period. Evolve Private Wealth LLC bought a new position in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth approximately $220,000. Finally, Bank of New York Mellon Corp raised its position in shares of Neuberger Berman Municipal Fund by 14.6% in the 1st quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after acquiring an additional 2,804 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Down 0.4%

NBH traded down $0.04 during midday trading on Friday, hitting $9.50. The stock had a trading volume of 23,993 shares, compared to its average volume of 107,041. Neuberger Berman Municipal Fund has a 1 year low of $8.77 and a 1 year high of $10.72. The business has a fifty day moving average of $9.52 and a 200 day moving average of $10.13.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $0.0542 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, October 30th.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, municipalities, and other governmental entities in the United States and its territories.

The portfolio may include general obligation bonds, revenue bonds, and other tax-exempt debt instruments used to finance public projects and services. The fund may also invest in securities with different credit qualities and maturities, subject to its investment policies, allowing it to pursue income while managing interest-rate and credit-related risks.

NBH is managed by Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman, an independent, employee-owned investment manager.