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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 207,500 shares, a drop of 15.2% from the September 30th total of 244,600 shares. Based on an average trading volume of 123,200 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NRO. Concorde Asset Management LLC increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 10.0% in the second quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock valued at $710,000 after purchasing an additional 19,100 shares during the period. SeaCrest Wealth Management LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 6.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock valued at $271,000 after buying an additional 3,885 shares during the last quarter. Private Advisor Group LLC increased its stake in Neuberger Berman Real Estate Securities Income Fund by 28.0% in the 3rd quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock valued at $209,000 after buying an additional 11,125 shares during the period. Sanctuary Advisors LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth $102,000. Finally, Advisor Resource Council acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 1st quarter worth $83,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO remained flat at $3.92 during midday trading on Tuesday. The stock had a trading volume of 51,478 shares, compared to its average volume of 159,425. Neuberger Berman Real Estate Securities Income Fund has a twelve month low of $2.51 and a twelve month high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a yield of 9.55%. The ex-dividend date of this dividend is Tuesday, October 15th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.