Institutional Trading Activity in Neuberger Berman Municipal Fund Inc.
1 report, 1 independent
Updated Oct 17
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What happened
Short interest in Neuberger Berman Municipal Fund Inc. grew by 73.7% during September, reaching 109,285 shares by September 30th, according to reports from. During the second quarter, NewEdge Advisors LLC increased its position by 455.8%, acquiring 13,600 shares. Hollencrest Capital Management also grew its stake in the fund by 32.8% in the first quarter, purchasing 2,392 shares.
From dailypolitical.com
Why it matters
The increase in institutional accumulation alongside high short interest suggests shifts in market sentiment regarding the fund. This activity could change the market position of Neuberger Berman Municipal Fund Inc. and affect its valuation.
From dailypolitical.com
Who's involved
- Neuberger BermanAmerican financial services firm that operates as the management company for the fund.
- fundThe fund whose shares saw increased institutional buying and rising short interest.
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The entities involved
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Neuberger Berman
American financial services firm