Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Shares Shorted: Short Interest Up 105.6% in October

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 77,329 shares, an increase of 105.6% from the September 30th total of 37,609 shares. Based on an average daily trading volume, of 198,882 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of NRO. Royal Bank of Canada boosted its stake in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock valued at $220,000 after purchasing an additional 8,906 shares during the period. PNC Financial Services Group Inc. grew its position 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 worth $50,000 after purchasing an additional 10,065 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $32,000. Tactive Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $40,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $55,000.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NYSEAMERICAN NRO remained flat at $2.61 on Friday. The company’s stock had a trading volume of 454,360 shares, compared to its average volume of 269,329. The company has a fifty day moving average price of $2.69 and a 200-day moving average price of $2.92. Neuberger Berman Real Estate Securities Income Fund has a 12-month low of $2.48 and a 12-month high of $3.21.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a dividend of $0.0312 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.37 annualized dividend and a yield of 14.3%.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-end investment company that seeks to provide shareholders with high current income and long-term capital appreciation. The fund invests primarily in securities issued by real estate investment trusts (REITs), real estate operating companies and other businesses connected to the real estate industry.

Its portfolio may include common and preferred stocks, debt securities and other income-producing investments tied to commercial, residential and specialized real estate markets.