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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 17,300 shares, a decrease of 83.0% from the March 15th total of 102,000 shares. Based on an average daily volume of 345,500 shares, the days-to-cover ratio is presently 0.1 days.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.7 %

Shares of NYSEAMERICAN NRO traded up $0.02 during trading on Tuesday, hitting $3.05. The stock had a trading volume of 159,133 shares, compared to its average volume of 188,572. Neuberger Berman Real Estate Securities Income Fund has a 12 month low of $2.75 and a 12 month 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 Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0312 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.37 dividend on an annualized basis and a yield of 12.28%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at $59,000. World Investment Advisors LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the third quarter valued at about $637,000. Flagship Harbor Advisors LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at about $2,027,000. Soltis Investment Advisors LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $73,000. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 51.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 148,922 shares of the company’s stock worth $529,000 after purchasing an additional 50,622 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.