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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a significant decrease in short interest in 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 trading volume, of 239,944 shares, the short-interest ratio is presently 0.2 days.

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

Several hedge funds have recently added to or reduced their stakes in NRO. Virtu Financial LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $32,000. Envestnet Asset Management Inc. purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $33,000. XTX Topco Ltd purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $34,000. Mercer Global Advisors Inc. ADV purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $48,000. Finally, PNC Financial Services Group Inc. increased its stake in Neuberger Berman Real Estate Securities Income Fund by 133.5% in the first quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock valued at $50,000 after purchasing an additional 10,065 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund stock remained flat at $2.99 during mid-day trading on Friday. 199,826 shares of the company’s stock traded hands, compared to its average volume of 276,658. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.74 and a one year high of $3.37. The business 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0312 dividend. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.