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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 37,609 shares, a decrease of 68.1% from the September 15th total of 118,077 shares. Based on an average daily trading volume, of 235,956 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.4%

NRO stock traded up $0.01 during trading on Monday, reaching $2.59. The company’s stock had a trading volume of 100,745 shares, compared to its average volume of 271,298. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.49 and a 1 year high of $3.23. The company’s fifty day moving average is $2.81 and its 200-day moving average is $2.93.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.0312 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 14.5%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors have recently made changes to their positions in the business. Tactive Advisors LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at approximately $40,000. Bank of America Corp DE bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $695,000. K2 Principal Fund L.P. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $32,000. Perigon Wealth Management LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $55,000. Finally, Kanen Wealth Management LLC lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 25.5% in the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after buying an additional 49,000 shares in 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 fund managed by Neuberger Berman. The fund seeks to provide a high level of current income and long-term capital appreciation by investing primarily in securities connected to the real estate industry.

Its portfolio may include equity and debt securities issued by real estate investment trusts (REITs), real estate operating companies and other real estate-related businesses. The fund may also invest in mortgage-related securities and other income-producing instruments, subject to its investment policies and the judgment of its portfolio management team.

NRO’s shares trade on the NYSE American exchange, while the fund’s assets are managed by Neuberger Berman Investment Advisers LLC.