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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 193,947 shares, an increase of 135.6% from the December 15th total of 82,333 shares. Based on an average trading volume of 306,093 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 306,093 shares, the short-interest ratio is currently 0.6 days.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NRO stock traded up $0.02 during trading hours on Wednesday, reaching $3.07. The stock had a trading volume of 111,299 shares, compared to its average volume of 249,577. The stock’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.16. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $0.0312 dividend. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Thursday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NRO. Advisors Asset Management Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $1,356,000. Wolverine Asset Management LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth $467,000. NWF Advisory Services Inc. raised its position in shares of Neuberger Berman Real Estate Securities Income Fund by 63.5% during the 3rd quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after buying an additional 108,000 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 27.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 451,982 shares of the company’s stock worth $1,455,000 after acquiring an additional 96,613 shares during the last quarter. Finally, Shaker Financial Services LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at $257,000.

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.