Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Down 27.0% in April

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NROGet Rating) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 14,300 shares, a decrease of 27.0% from the March 31st total of 19,600 shares. Based on an average daily volume of 124,500 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds and other institutional investors have recently modified their holdings of NRO. Moors & Cabot Inc. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth about $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter worth about $27,000. Wolverine Asset Management LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $45,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at approximately $51,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the third quarter valued at approximately $69,000.

Shares of NYSEAMERICAN NRO traded down $0.05 during trading on Monday, reaching $4.60. 15,804 shares of the stock traded hands, compared to its average volume of 128,746. Neuberger Berman Real Estate Securities Income Fund has a 52-week low of $4.26 and a 52-week high of $5.30.

The company also recently declared a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 18th were given a dividend of $0.0312 per share. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 8.14%.

About Neuberger Berman Real Estate Securities Income Fund (Get Rating)

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.

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