Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Shares Shorted: Short Interest Up 105.6% in October

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 77,329 shares, a growth of 105.6% from the September 30th total of 37,609 shares. Based on an average daily volume of 198,882 shares, the days-to-cover ratio is presently 0.4 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO stock remained flat at $2.61 during midday trading on Friday. 454,360 shares of the company’s stock were exchanged, compared to its average volume of 269,329. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.48 and a one year high of $3.21. The business has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.92.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were issued a $0.0312 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.37 annualized dividend and a dividend yield of 14.3%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. K2 Principal Fund L.P. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $32,000. Tactive Advisors LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth $40,000. PNC Financial Services Group Inc. raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 133.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after buying an additional 10,065 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at $54,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at $55,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-end investment company that seeks to provide shareholders with high current income and long-term capital appreciation. The fund invests primarily in securities issued by real estate investment trusts (REITs), real estate operating companies and other businesses connected to the real estate industry.

Its portfolio may include common and preferred stocks, debt securities and other income-producing investments tied to commercial, residential and specialized real estate markets.