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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 147,925 shares, a growth of 91.3% from the October 15th total of 77,329 shares. Based on an average daily trading volume, of 246,044 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several large investors have recently added to or reduced their stakes in NRO. Steward Partners Investment Advisory LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 134.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 46,922 shares of the company’s stock worth $122,000 after buying an additional 26,866 shares during the period. Kanen Wealth Management LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 7.0% during the third quarter. Kanen Wealth Management LLC now owns 790,804 shares of the company’s stock valued at $2,047,000 after buying an additional 52,000 shares during the period. Advisors Asset Management Inc. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $2,318,000. Private Advisor Group LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 581.9% in the 3rd quarter. Private Advisor Group LLC now owns 342,954 shares of the company’s stock worth $892,000 after acquiring an additional 292,662 shares in the last quarter. Finally, Tactive Advisors LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $40,000.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NRO stock remained flat at $2.67 during trading hours on Friday. 97,532 shares of the stock were exchanged, compared to its average volume of 266,136. Neuberger Berman Real Estate Securities Income Fund has a twelve month low of $2.48 and a twelve month high of $3.13. The firm has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.90.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0312 per share. This represents a $0.37 annualized dividend and a yield of 14.0%. The ex-dividend date is Monday, November 16th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.