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 the month of 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 daily volume of 202,719 shares, the short-interest ratio is currently 0.6 days.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.6%

NYSEAMERICAN:NRO traded down $0.01 during mid-day trading on Wednesday, reaching $2.60. 159,803 shares of the company’s stock traded hands, compared to its average volume of 274,658. Neuberger Berman Real Estate Securities Income Fund has a 12-month low of $2.55 and a 12-month high of $3.28. The company has a 50 day moving average price of $2.89 and a 200-day moving average price of $2.95.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

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

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

Hedge funds have recently made changes to their positions in the business. Absolute Investment Advisers LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the first quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after acquiring an additional 1,400,984 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 63.0% in the first quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock valued at $1,008,000 after acquiring an additional 137,195 shares in the last quarter. Kanen Wealth Management LLC increased its position in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the 1st 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. Bank of America Corp DE purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $695,000. Finally, Private Advisor Group LLC raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 158.8% in the 1st quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock worth $476,000 after purchasing an additional 102,872 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 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.