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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 333,200 shares, an increase of 1,387.5% from the December 15th total of 22,400 shares. Based on an average daily volume of 139,700 shares, the days-to-cover ratio is presently 2.4 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO remained flat at $3.51 during trading hours on Monday. 62,000 shares of the stock traded hands, compared to its average volume of 121,386. Neuberger Berman Real Estate Securities Income Fund has a fifty-two week low of $2.99 and a fifty-two week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.0312 dividend. This represents a $0.37 annualized dividend and a dividend yield of 10.67%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth about $43,000. Virtu Financial LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth about $59,000. B. Riley Wealth Advisors Inc. lifted its position in Neuberger Berman Real Estate Securities Income Fund by 33.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after buying an additional 5,000 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Neuberger Berman Real Estate Securities Income Fund by 42.0% during 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 buying an additional 5,378 shares in the last quarter. Finally, Trust Investment Advisors acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at about $85,000.

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.