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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 82,333 shares, a drop of 32.5% from the November 30th total of 121,990 shares. Based on an average daily volume of 205,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 205,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at about $1,356,000. Cornerstone Advisors LLC increased its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 27.2% in the 2nd quarter. Cornerstone Advisors LLC now owns 451,982 shares of the company’s stock valued at $1,455,000 after acquiring an additional 96,613 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at approximately $467,000. K2 Principal Fund L.P. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth approximately $34,000. Finally, Landscape Capital Management L.L.C. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth approximately $670,000.

Neuberger Berman Real Estate Securities Income Fund Trading Up 1.3%

Shares of NRO traded up $0.04 on Tuesday, reaching $3.06. 370,327 shares of the company’s stock were exchanged, compared to its average volume of 239,717. The business has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $3.17. Neuberger Berman Real Estate Securities Income Fund has a 12 month low of $2.75 and a 12 month high of $3.69.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.0312 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 12.2%.

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.