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 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 daily trading volume, of 335,900 shares, the short-interest ratio is presently 0.3 days.

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’s stock 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 Dividend Announcement

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

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

Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $28,000. Fisher Asset Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth approximately $43,000. Larson Financial Group LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 45.8% during the 4th quarter. Larson Financial Group LLC now owns 12,100 shares of the company’s stock worth $43,000 after acquiring an additional 3,803 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter worth approximately $50,000. Finally, Waverly Advisors LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at $53,000.

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.