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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 77,329 shares, a growth of 105.6% from the September 30th total of 37,609 shares. Based on an average daily trading volume, of 198,882 shares, the short-interest ratio is presently 0.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. K2 Principal Fund L.P. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $32,000. Tactive Advisors LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter worth about $40,000. PNC Financial Services Group Inc. raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the first 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 in the last quarter. Perigon Wealth Management LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $55,000. Finally, Waverly Advisors LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the first quarter worth approximately $54,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NYSEAMERICAN NRO remained flat at $2.61 during trading on Friday. The stock had a trading volume of 454,360 shares, compared to its average volume of 269,329. The stock has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.92. Neuberger Berman Real Estate Securities Income Fund has a 1-year low of $2.48 and a 1-year high of $3.21.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.0312 per share. This represents a $0.37 annualized dividend and a yield of 14.3%. The ex-dividend date was Thursday, October 15th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Neuberger Berman Real Estate Securities Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Real Estate Securities Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.