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) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 37,609 shares, a decline of 68.1% from the September 15th total of 118,077 shares. Based on an average trading volume of 235,956 shares, the days-to-cover ratio is currently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO traded down $0.03 on Tuesday, reaching $2.56. The stock had a trading volume of 255,196 shares, compared to its average volume of 271,215. The firm has a 50-day moving average of $2.80 and a 200 day moving average of $2.92. Neuberger Berman Real Estate Securities Income Fund has a twelve month low of $2.49 and a twelve month high of $3.23.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a yield of 14.6%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Absolute Investment Advisers LLC increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after acquiring an additional 1,400,984 shares in the last quarter. Calamos Advisors LLC lifted 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 in the last quarter. Bank of America Corp DE acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $695,000. Kanen Wealth Management LLC increased its position in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after buying an additional 49,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Neuberger Berman Real Estate Securities Income Fund by 158.8% during the first quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock worth $476,000 after buying an additional 102,872 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.