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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 154,655 shares, a growth of 121.5% from the February 26th total of 69,816 shares. Based on an average daily trading volume, of 316,753 shares, the days-to-cover ratio is currently 0.5 days.

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

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 16.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock valued at $1,584,000 after buying an additional 69,279 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth about $1,461,000. Cornerstone Advisors LLC increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 3.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 466,276 shares of the company’s stock worth $1,506,000 after acquiring an additional 14,294 shares during the last quarter. LPL Financial LLC raised its stake in Neuberger Berman Real Estate Securities Income Fund by 1.2% in the 4th quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock valued at $1,022,000 after acquiring an additional 4,144 shares during the period. Finally, NWF Advisory Services Inc. raised its stake in Neuberger Berman Real Estate Securities Income Fund by 63.5% in the 3rd quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after acquiring an additional 108,000 shares during the period.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NRO traded down $0.02 during trading on Thursday, hitting $2.79. 124,314 shares of the company traded hands, compared to its average volume of 300,967. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.75 and a one year high of $3.37. The stock’s fifty day moving average is $3.00 and its 200 day moving average is $3.08.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.0312 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Monday, March 16th.

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.