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

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

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of Neuberger Berman Real Estate Securities Income Fund stock traded up $0.02 on Wednesday, hitting $3.94. 121,066 shares of the company’s stock traded hands, compared to its average volume of 159,242. Neuberger Berman Real Estate Securities Income Fund has a one year low of $2.54 and a one year high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

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 issued a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings 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 during the period. Atomi Financial Group Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter worth about $38,000. Hartline Investment Corp purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter worth about $42,000. Shaker Financial Services LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth approximately $53,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew 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 valued at $75,000 after buying an additional 5,378 shares in the last quarter.

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.