Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Stock Short Interest Falls 68.1%

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) was the target of a large drop in short interest in the month of 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 trading volume, of 235,956 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of large investors have recently modified their holdings of NRO. Tactive Advisors LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund in the third quarter worth about $40,000. Bank of America Corp DE bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at approximately $695,000. K2 Principal Fund L.P. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at approximately $32,000. Perigon Wealth Management LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $55,000. Finally, Kanen Wealth Management LLC raised its position in shares of Neuberger Berman Real Estate Securities Income Fund by 25.5% in the 1st quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after acquiring an additional 49,000 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NRO stock traded down $0.03 during trading hours on Wednesday, reaching $2.54. The company’s stock had a trading volume of 146,260 shares, compared to its average volume of 270,555. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.49 and a one year high of $3.23. The firm’s fifty day simple moving average is $2.80 and its 200 day simple moving average is $2.92.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.0312 dividend. This represents a $0.37 annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend is Thursday, October 15th.

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 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.

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