Short Interest in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Declines By 53.1%

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 45,144 shares, a decrease of 53.1% from the May 14th total of 96,228 shares. Based on an average daily volume of 239,944 shares, the short-interest ratio is currently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Shares of NRO remained flat at $2.99 during midday trading on Friday. The company’s stock had a trading volume of 199,826 shares, compared to its average volume of 276,658. The firm has a fifty day moving average of $2.99 and a 200 day moving average of $2.99. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.74 and a 1 year high of $3.37.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0312 dividend. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 1.2% in the fourth quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock worth $1,022,000 after purchasing an additional 4,144 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 8.8% during the fourth quarter. Kestra Advisory Services LLC now owns 59,314 shares of the company’s stock worth $180,000 after purchasing an additional 4,784 shares during the last quarter. Larson Financial Group LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 39.7% in the third quarter. Larson Financial Group LLC now owns 16,900 shares of the company’s stock valued at $55,000 after purchasing an additional 4,800 shares in the last quarter. Royal Bank of Canada increased its stake in Neuberger Berman Real Estate Securities Income Fund by 13.0% in the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock valued at $220,000 after buying an additional 8,906 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Neuberger Berman Real Estate Securities Income Fund by 133.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock valued at $50,000 after buying an additional 10,065 shares during the last quarter.

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.