Short Interest in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Declines By 53.1%

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 45,144 shares, a decrease of 53.1% from the May 14th total of 96,228 shares. Based on an average daily volume of 239,944 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.3%

NRO stock traded down $0.01 on Monday, hitting $2.98. The company’s stock had a trading volume of 177,149 shares, compared to its average volume of 275,786. The firm has a 50 day moving average of $2.99 and a two-hundred day moving average of $2.99. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.74 and a 1 year high of $3.37.

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Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0312 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 12.6%.

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

Several institutional investors have recently bought and sold shares of NRO. Absolute Investment Advisers LLC increased its stake in Neuberger Berman Real Estate Securities Income Fund by 3,922.7% in the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after buying an additional 1,400,984 shares during the period. Wolverine Asset Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $1,461,000. Kanen Wealth Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $584,000. Calamos Advisors LLC increased its stake in Neuberger Berman Real Estate Securities Income Fund by 63.0% in the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock valued at $1,008,000 after buying an additional 137,195 shares during the period. Finally, Private Advisor Group LLC increased its stake in Neuberger Berman Real Estate Securities Income Fund by 158.8% in the 1st quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock valued at $476,000 after buying an additional 102,872 shares during the period.

Neuberger Berman Real Estate Securities Income Fund Company Profile

(Get Free Report)

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.

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