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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 56,100 shares, a drop of 95.3% from the February 13th total of 1,190,000 shares. Based on an average daily trading volume, of 321,600 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its position in Neuberger Berman Real Estate Securities Income Fund by 45.8% in the 4th quarter. Larson Financial Group LLC now owns 12,100 shares of the company’s stock valued at $43,000 after buying an additional 3,803 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 59.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 17,968 shares of the company’s stock worth $64,000 after purchasing an additional 6,673 shares during the period. Bessemer Group Inc. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $28,000. Fisher Asset Management LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth approximately $43,000. Finally, Avantax Advisory Services Inc. purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $50,000.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.5 %

NYSEAMERICAN:NRO traded down $0.02 during trading hours on Thursday, hitting $3.30. 23,995 shares of the company were exchanged, compared to its average volume of 350,645. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.99 and a one year high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date of this dividend is Monday, March 17th.

About Neuberger Berman Real Estate Securities Income Fund

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.