Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Increases By 652.5%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 44,400 shares, an increase of 652.5% from the February 29th total of 5,900 shares. Based on an average daily trading volume, of 85,800 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE acquired a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. increased its position in shares of Neuberger Berman Municipal Fund by 11.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after purchasing an additional 1,028 shares during the last quarter. Arlington Capital Management Inc. acquired a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $112,000. Kestra Private Wealth Services LLC increased its position in shares of Neuberger Berman Municipal Fund by 23.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 13,125 shares of the company’s stock worth $121,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter worth approximately $125,000.

Neuberger Berman Municipal Fund Price Performance

Neuberger Berman Municipal Fund stock traded up $0.05 during midday trading on Friday, reaching $10.47. The stock had a trading volume of 48,631 shares, compared to its average volume of 75,602. Neuberger Berman Municipal Fund has a 1-year low of $8.75 and a 1-year high of $11.01.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.0377 per share. This represents a $0.45 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Wednesday, March 27th.

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.