Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Down 58.3% in July

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 54,547 shares, a drop of 58.3% from the July 15th total of 130,714 shares. Based on an average trading volume of 296,454 shares, the short-interest ratio is presently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of Neuberger Berman Real Estate Securities Income Fund stock traded down $0.04 during trading on Monday, reaching $2.96. The company’s stock had a trading volume of 16,129 shares, compared to its average volume of 289,711. The company has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $2.99. Neuberger Berman Real Estate Securities Income Fund has a fifty-two week low of $2.74 and a fifty-two week high of $3.37.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0312 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 12.6%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at approximately $695,000. K2 Principal Fund L.P. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at approximately $32,000. Perigon Wealth Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $55,000. Kanen Wealth Management LLC increased 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 valued at $684,000 after purchasing an additional 49,000 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of 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 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.