Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Update

by · The Markets Daily

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 54,547 shares, a decrease of 58.3% from the July 15th total of 130,714 shares. Based on an average trading volume of 296,454 shares, the days-to-cover ratio is presently 0.2 days.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NRO stock traded up $0.02 during mid-day trading on Friday, hitting $3.00. The stock had a trading volume of 289,314 shares, compared to its average volume of 291,518. Neuberger Berman Real Estate Securities Income Fund has a 1-year low of $2.74 and a 1-year high of $3.37. The company has a fifty day moving average of $3.01 and a 200 day moving average of $2.99.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.0312 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 12.5%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several large investors have recently added to or reduced their stakes in NRO. Absolute Investment Advisers LLC increased its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock worth $4,080,000 after purchasing an additional 1,400,984 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $1,461,000. Calamos Advisors LLC lifted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 217,718 shares of the company’s stock valued at $662,000 after purchasing an additional 52,956 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 49.5% in the fourth quarter. Shaker Financial Services LLC now owns 119,089 shares of the company’s stock worth $362,000 after purchasing an additional 39,409 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the third quarter worth $33,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

(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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