Short Interest in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) Rises By 664.3%

view original post

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NROGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 109,300 shares, an increase of 664.3% from the April 15th total of 14,300 shares. Based on an average daily trading volume, of 126,700 shares, the days-to-cover ratio is presently 0.9 days.

Several institutional investors and hedge funds have recently modified their holdings of NRO. Bank of America Corp DE boosted its position in Neuberger Berman Real Estate Securities Income Fund by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 201,994 shares of the company’s stock worth $1,016,000 after acquiring an additional 17,384 shares during the period. Morgan Stanley raised its position in shares of Neuberger Berman Real Estate Securities Income Fund by 20.4% during the second quarter. Morgan Stanley now owns 723,125 shares of the company’s stock worth $3,638,000 after purchasing an additional 122,677 shares during the period. Moors & Cabot Inc. acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter worth $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter worth $27,000. Finally, Peapack Gladstone Financial Corp acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the third quarter valued at $69,000.

NRO stock opened at $4.46 on Thursday. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $4.26 and a 1 year high of $5.30.

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be given a $0.0312 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.37 annualized dividend and a dividend yield of 8.39%.

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.

Further Reading

Receive News & Ratings for Neuberger Berman Real Estate Securities Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Neuberger Berman Real Estate Securities Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.