Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Up 59.1% in July

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 14,000 shares, a growth of 59.1% from the July 15th total of 8,800 shares. Based on an average daily trading volume, of 72,600 shares, the short-interest ratio is presently 0.2 days.

Nuveen Real Estate Income Fund Stock Performance

Shares of JRS traded down $0.06 during mid-day trading on Friday, reaching $8.36. The company’s stock had a trading volume of 55,090 shares, compared to its average volume of 79,129. Nuveen Real Estate Income Fund has a 1-year low of $5.95 and a 1-year high of $8.43. The business has a 50-day simple moving average of $7.90 and a two-hundred day simple moving average of $7.66.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.17 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 8.13%.

Institutional Trading of Nuveen Real Estate Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in Nuveen Real Estate Income Fund by 547.9% during the fourth quarter. International Assets Investment Management LLC now owns 34,883 shares of the company’s stock worth $273,000 after acquiring an additional 29,499 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in Nuveen Real Estate Income Fund in the 4th quarter valued at $120,000. Forte Capital LLC ADV acquired a new stake in shares of Nuveen Real Estate Income Fund during the fourth quarter worth $99,000. Private Advisor Group LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 9.0% during the fourth quarter. Private Advisor Group LLC now owns 311,566 shares of the company’s stock worth $2,436,000 after buying an additional 25,854 shares in the last quarter. Finally, Cornerstone Advisors LLC boosted its position in shares of Nuveen Real Estate Income Fund by 32.4% in the fourth quarter. Cornerstone Advisors LLC now owns 369,123 shares of the company’s stock valued at $2,887,000 after acquiring an additional 90,357 shares during the period.

About Nuveen Real Estate Income Fund

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.