Short Interest in Neuberger Berman Real Estate Sec Inc Fd (NRO) Declines By 25.6%

Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 179,813 shares, a decrease of 25.6% from the January 12th total of 241,749 shares. Based on an average trading volume of 537,984 shares, the short-interest ratio is currently 0.3 days.

Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN NRO) remained flat at $$4.63 during trading on Friday. 566,116 shares of the company were exchanged, compared to its average volume of 436,943. Neuberger Berman Real Estate Sec Inc Fd has a 1 year low of $4.29 and a 1 year high of $5.70.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a $0.045 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.54 annualized dividend and a yield of 11.66%.

A number of institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its holdings in Neuberger Berman Real Estate Sec Inc Fd by 47.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,385,055 shares of the company’s stock valued at $13,380,000 after acquiring an additional 762,496 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Neuberger Berman Real Estate Sec Inc Fd by 19.0% in the 3rd quarter. Wells Fargo & Company MN now owns 859,977 shares of the company’s stock worth $4,824,000 after buying an additional 137,536 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Neuberger Berman Real Estate Sec Inc Fd by 102.5% in the 3rd quarter. Cohen & Steers Inc. now owns 500,397 shares of the company’s stock worth $2,807,000 after buying an additional 253,231 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of Neuberger Berman Real Estate Sec Inc Fd in the 2nd quarter worth approximately $1,057,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Neuberger Berman Real Estate Sec Inc Fd by 12.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 164,789 shares of the company’s stock worth $911,000 after buying an additional 17,681 shares in the last quarter.

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About Neuberger Berman Real Estate Sec Inc Fd

Neuberger Berman Real Estate Securities Income Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income with capital appreciation as a secondary objective. It has a portfolio with a mix of equity securities of real estate investment trusts (REITs) and other real estate companies.

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