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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 118,077 shares, a growth of 64.1% from the August 31st total of 71,945 shares. Based on an average trading volume of 202,719 shares, the days-to-cover ratio is presently 0.6 days.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NYSEAMERICAN NRO traded down $0.02 during mid-day trading on Thursday, hitting $2.58. The company had a trading volume of 264,274 shares, compared to its average volume of 274,793. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.54 and a 1 year high of $3.28. The stock’s 50-day moving average price is $2.88 and its 200-day moving average price is $2.94.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. K2 Principal Fund L.P. bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $32,000. PNC Financial Services Group Inc. lifted its position in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the first quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock valued at $50,000 after purchasing an additional 10,065 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $55,000. Waverly Advisors LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth $54,000. Finally, Closed End Fund Advisors Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at $138,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment company managed by Neuberger Berman Investment Advisers LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, through investments in real estate-related securities.

The fund invests primarily in publicly traded equity securities of real estate investment trusts (REITs) and other companies involved in the ownership, operation, development, financing or management of real estate.