Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Stock Short Interest Report for September

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 37,609 shares, a drop of 68.1% from the September 15th total of 118,077 shares. Based on an average daily volume of 235,956 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.4%

Shares of Neuberger Berman Real Estate Securities Income Fund stock traded up $0.01 during trading on Monday, reaching $2.59. 100,745 shares of the stock traded hands, compared to its average volume of 271,298. Neuberger Berman Real Estate Securities Income Fund has a 52-week low of $2.49 and a 52-week high of $3.23. The business has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $2.93.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock valued at $220,000 after buying an additional 8,906 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 10,065 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $32,000. Tactive Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth approximately $40,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $55,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide a high level of current income and long-term capital appreciation by investing primarily in securities connected to the real estate industry.

Its portfolio may include equity and debt securities issued by real estate investment trusts (REITs), real estate operating companies and other real estate-related businesses. The fund may also invest in mortgage-related securities and other income-producing instruments, subject to its investment policies and the judgment of its portfolio management team.

NRO’s shares trade on the NYSE American exchange, while the fund’s assets are managed by Neuberger Berman Investment Advisers LLC.