Short Interest in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Declines By 56.2%

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 90,800 shares, a decline of 56.2% from the October 15th total of 207,500 shares. Based on an average daily volume of 114,700 shares, the days-to-cover ratio is currently 0.8 days.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NRO traded down $0.08 during trading hours on Wednesday, hitting $3.81. 89,661 shares of the company were exchanged, compared to its average volume of 157,137. Neuberger Berman Real Estate Securities Income Fund has a fifty-two week low of $2.71 and a fifty-two week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Atomi Financial Group Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth $38,000. Fisher Asset Management LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter worth about $43,000. Shaker Financial Services LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $53,000. B. Riley Wealth Advisors Inc. raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 33.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock valued at $67,000 after buying an additional 5,000 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Neuberger Berman Real Estate Securities Income Fund by 42.0% during the 3rd 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 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.