Neuberger Berman Real Estate Sec Inc Fd (NRO) Short Interest Update

Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 64,074 shares, a decline of 50.3% from the October 15th total of 129,009 shares. Based on an average daily trading volume, of 262,405 shares, the short-interest ratio is presently 0.2 days.

Several hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of Neuberger Berman Real Estate Sec Inc Fd by 24.6% in the second quarter. Raymond James & Associates now owns 69,195 shares of the company’s stock worth $356,000 after acquiring an additional 13,678 shares during the period. Strategic Advisors LLC bought a new stake in shares of Neuberger Berman Real Estate Sec Inc Fd in the second quarter worth approximately $113,000. Cornerstone Wealth Management LLC bought a new stake in shares of Neuberger Berman Real Estate Sec Inc Fd in the second quarter worth approximately $2,000,000. Finally, UBS Group AG grew its stake in shares of Neuberger Berman Real Estate Sec Inc Fd by 10.8% in the first quarter. UBS Group AG now owns 189,822 shares of the company’s stock worth $906,000 after acquiring an additional 18,523 shares during the period.

Shares of Neuberger Berman Real Estate Sec Inc Fd stock opened at $4.64 on Friday. Neuberger Berman Real Estate Sec Inc Fd has a 52-week low of $4.29 and a 52-week high of $5.59.

The business also recently declared a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.34%.

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About Neuberger Berman Real Estate Sec Inc Fd

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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