Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Update

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 124,900 shares, an increase of 15.9% from the November 15th total of 107,800 shares. Based on an average daily trading volume, of 84,200 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC grew its holdings in Nuveen Real Estate Income Fund by 40.9% during the 3rd quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after acquiring an additional 179,819 shares during the period. Private Advisor Group LLC grew its holdings in Nuveen Real Estate Income Fund by 11.7% during the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after acquiring an additional 38,650 shares during the period. International Assets Investment Management LLC grew its holdings in Nuveen Real Estate Income Fund by 838.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after acquiring an additional 33,462 shares during the period. MML Investors Services LLC bought a new position in shares of Nuveen Real Estate Income Fund during the third quarter worth $140,000. Finally, Stifel Financial Corp boosted its position in shares of Nuveen Real Estate Income Fund by 19.8% during the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after purchasing an additional 5,341 shares in the last quarter.

Nuveen Real Estate Income Fund Stock Down 1.7 %

Shares of NYSE JRS traded down $0.15 during mid-day trading on Tuesday, hitting $8.77. The company had a trading volume of 27,919 shares, compared to its average volume of 80,907. Nuveen Real Estate Income Fund has a 12 month low of $7.10 and a 12 month high of $9.69. The business’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $8.60.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Friday, December 13th.

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.