Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Short Interest Up 81.8% in March

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

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO stock opened at $3.29 on Monday. Neuberger Berman Real Estate Securities Income Fund has a 52 week low of $2.99 and a 52 week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given 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 dividend yield of 11.38%.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 51.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 148,922 shares of the company’s stock worth $529,000 after buying an additional 50,622 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at about $63,000. Fisher Asset Management LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $43,000. Avantax Advisory Services Inc. purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter worth about $50,000. Finally, Cornerstone Advisors LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth approximately $140,000.

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.