Nuveen Real Estate Income Fund (NYSE:JRS) Sees Large Increase in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 13,100 shares, an increase of 2,520.0% from the July 15th total of 500 shares. Based on an average daily volume of 79,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JRS. Private Advisor Group LLC purchased a new stake in Nuveen Real Estate Income Fund in the first quarter valued at $2,127,000. Wolverine Asset Management LLC boosted its holdings in shares of Nuveen Real Estate Income Fund by 1,384.8% in the second quarter. Wolverine Asset Management LLC now owns 200,446 shares of the company’s stock valued at $1,489,000 after acquiring an additional 186,946 shares during the period. Cornerstone Advisors LLC purchased a new position in shares of Nuveen Real Estate Income Fund during the second quarter worth approximately $967,000. Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at $1,529,000. Finally, Advisors Asset Management Inc. raised its position in Nuveen Real Estate Income Fund by 16.5% in the 4th quarter. Advisors Asset Management Inc. now owns 753,819 shares of the company’s stock valued at $5,699,000 after purchasing an additional 106,679 shares during the last quarter.

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Nuveen Real Estate Income Fund Stock Performance

JRS stock opened at $7.45 on Friday. The business has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.63. Nuveen Real Estate Income Fund has a fifty-two week low of $6.78 and a fifty-two week high of $10.57.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 9.13%. The ex-dividend date of this dividend was Wednesday, June 14th.

Nuveen Real Estate Income Fund Company Profile

(Get Free Report)

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector.

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