Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Down 24.5% in January

by · The Cerbat Gem

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 146,419 shares, a decrease of 24.5% from the December 31st total of 193,947 shares. Based on an average daily volume of 282,161 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 282,161 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in Neuberger Berman Real Estate Securities Income Fund by 16.4% during the third quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock worth $1,584,000 after buying an additional 69,279 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth $1,461,000. Cornerstone Advisors LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 3.2% in the third quarter. Cornerstone Advisors LLC now owns 466,276 shares of the company’s stock valued at $1,506,000 after purchasing an additional 14,294 shares during the last quarter. NWF Advisory Services Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 63.5% during the third quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after purchasing an additional 108,000 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 7.3% during the second quarter. Osaic Holdings Inc. now owns 230,757 shares of the company’s stock valued at $743,000 after purchasing an additional 15,635 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NRO stock traded up $0.01 during midday trading on Tuesday, reaching $2.98. 175,525 shares of the company’s stock traded hands, compared to its average volume of 281,397. The firm’s fifty day moving average price is $3.01 and its 200-day moving average price is $3.14. Neuberger Berman Real Estate Securities Income Fund has a 52 week low of $2.75 and a 52 week high of $3.43.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.0312 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 12.6%.

About Neuberger Berman Real Estate Securities Income Fund

(Get Free Report)

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.

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