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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 102,000 shares, an increase of 81.8% from the February 28th total of 56,100 shares. Based on an average trading volume of 335,900 shares, the short-interest ratio is presently 0.3 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth $28,000. Fisher Asset Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at $43,000. Larson Financial Group LLC raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 45.8% in the fourth quarter. Larson Financial Group LLC now owns 12,100 shares of the company’s stock valued at $43,000 after purchasing an additional 3,803 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter worth $50,000. Finally, Waverly Advisors LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth $53,000.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund stock remained flat at $3.29 during mid-day trading on Friday. The company had a trading volume of 194,622 shares, compared to its average volume of 178,467. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.99 and a 1 year high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0312 per share. This represents a $0.37 annualized dividend and a dividend yield of 11.38%. The ex-dividend date is Monday, March 17th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.