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Neuberger Berman Municipal Fund sees short interest plunge as it maintains high dividend yield.
Neuberger Berman Municipal Fund Inc. (NBH) saw short interest drop 45.2% in January, with 13,600 shares shorted.
The fund announced a monthly dividend of $0.0542 per share, totaling $0.65 annually, with a 6.19% yield.
Several institutional investors increased their holdings in the company, including Pathstone Holdings LLC and Van ECK Associates Corp. NBH primarily invests in municipal bonds with tax-exempt income.
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El Fondo Municipal de Neuberger Berman ve un corto descenso de los intereses, ya que mantiene un alto rendimiento de dividendos.