Short Interest in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Declines By 70.4%

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Free Report) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 9,300 shares, a decline of 70.4% from the January 15th total of 31,400 shares. Based on an average daily volume of 106,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in shares of Neuberger Berman Municipal Fund in the 4th quarter worth about $50,000. PNC Financial Services Group Inc. boosted its stake in Neuberger Berman Municipal Fund by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,948 shares of the company’s stock worth $104,000 after buying an additional 1,028 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Neuberger Berman Municipal Fund during the second quarter valued at approximately $106,000. Arlington Capital Management Inc. purchased a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth approximately $112,000. Finally, Fairhaven Wealth Management LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth approximately $113,000.

Neuberger Berman Municipal Fund Stock Up 0.5 %

Shares of NYSEAMERICAN:NBH opened at $10.41 on Tuesday. Neuberger Berman Municipal Fund has a one year low of $8.75 and a one year high of $11.81.

Neuberger Berman Municipal Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.0377 dividend. The ex-dividend date of this dividend is Tuesday, January 30th.

Neuberger Berman Municipal Fund Company Profile

(Get Free Report)

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.

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