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 significant increase in short interest in September. As of September 15th, there was short interest totaling 118,077 shares, an increase of 64.1% from the August 31st total of 71,945 shares. Based on an average trading volume of 202,719 shares, the short-interest ratio is currently 0.6 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NYSEAMERICAN NRO traded down $0.01 on Wednesday, hitting $2.60. The stock had a trading volume of 159,803 shares, compared to its average volume of 274,658. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $2.95. Neuberger Berman Real Estate Securities Income Fund has a 52-week low of $2.55 and a 52-week high of $3.28.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0312 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.37 annualized dividend and a yield of 14.4%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NRO. Bank of America Corp DE bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth $695,000. K2 Principal Fund L.P. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at about $32,000. Perigon Wealth Management LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter worth about $55,000. Kanen Wealth Management LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after purchasing an additional 49,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the first quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after purchasing an additional 8,906 shares during the last quarter.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment company managed by Neuberger Berman Investment Advisers LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, through investments in real estate-related securities.

The fund invests primarily in publicly traded equity securities of real estate investment trusts (REITs) and other companies involved in the ownership, operation, development, financing or management of real estate.