Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Increases By 262.3%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 17,323 shares, an increase of 262.3% from the January 15th total of 4,782 shares. Based on an average trading volume of 84,793 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 84,793 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

A number of large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in Nuveen Real Estate Income Fund during the 2nd quarter worth approximately $2,497,000. Pathstone Holdings LLC raised its holdings in shares of Nuveen Real Estate Income Fund by 26.4% during the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after purchasing an additional 140,914 shares during the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Nuveen Real Estate Income Fund by 256.6% during the third quarter. Cornerstone Advisors LLC now owns 84,614 shares of the company’s stock worth $692,000 after purchasing an additional 60,884 shares during the last quarter. World Investment Advisors acquired a new position in Nuveen Real Estate Income Fund during the fourth quarter valued at $333,000. Finally, Shaker Financial Services LLC boosted its holdings in Nuveen Real Estate Income Fund by 50.6% in the second quarter. Shaker Financial Services LLC now owns 98,228 shares of the company’s stock valued at $781,000 after purchasing an additional 33,000 shares during the last quarter.

Nuveen Real Estate Income Fund Stock Up 1.2%

Shares of JRS stock opened at $8.09 on Wednesday. The stock’s 50-day moving average is $7.72 and its 200 day moving average is $7.88. Nuveen Real Estate Income Fund has a 1-year low of $6.56 and a 1-year high of $8.92.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.4%.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.