Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Sees Significant Decrease in Short Interest

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 207,500 shares, a decrease of 15.2% from the September 30th total of 244,600 shares. Based on an average daily volume of 123,200 shares, the days-to-cover ratio is currently 1.7 days.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NRO traded up $0.01 on Monday, hitting $3.94. 3,772 shares of the company’s stock traded hands, compared to its average volume of 159,676. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.51 and a one year high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0312 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 9.50%.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 42.0% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock worth $75,000 after buying an additional 5,378 shares in the last quarter. Private Advisor Group LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 28.0% during the third quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock valued at $209,000 after purchasing an additional 11,125 shares during the period. SeaCrest Wealth Management LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 6.3% during the third quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock valued at $271,000 after purchasing an additional 3,885 shares during the period. Sanctuary Advisors LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $102,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Neuberger Berman Real Estate Securities Income Fund by 33.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock valued at $67,000 after purchasing an additional 5,000 shares during the period.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.