Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Update

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 207,500 shares, a drop of 15.2% from the September 30th total of 244,600 shares. Based on an average trading volume of 123,200 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 61.1% in the 1st quarter. Larson Financial Group LLC now owns 8,297 shares of the company’s stock worth $28,000 after purchasing an additional 3,147 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Neuberger Berman Real Estate Securities Income Fund by 6.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock worth $271,000 after acquiring an additional 3,885 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Neuberger Berman Real Estate Securities Income Fund by 33.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after acquiring an additional 5,000 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Neuberger Berman Real Estate Securities Income Fund by 42.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock worth $75,000 after acquiring an additional 5,378 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Neuberger Berman Real Estate Securities Income Fund by 28.0% in the 3rd quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock worth $209,000 after acquiring an additional 11,125 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.3 %

NYSEAMERICAN NRO traded up $0.01 during midday trading on Monday, hitting $3.94. 3,772 shares of the company traded hands, compared to its average volume of 159,676. Neuberger Berman Real Estate Securities Income Fund has a 52 week low of $2.51 and a 52 week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0312 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 9.50%.

About Neuberger Berman Real Estate Securities Income Fund

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.