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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 102,000 shares, a growth of 81.8% from the February 28th total of 56,100 shares. Based on an average daily volume of 335,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at approximately $28,000. Fisher Asset Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth $43,000. Larson Financial Group LLC raised 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 valued at $43,000 after purchasing an additional 3,803 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth $50,000. Finally, Virtu Financial LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth $59,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NYSEAMERICAN NRO opened at $3.29 on Monday. 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 Dividend Announcement

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

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.