Nuveen Real Estate Income Fund (NYSE:JRS) Sees Significant Drop in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 5,581 shares, a decline of 61.2% from the February 12th total of 14,374 shares. Based on an average daily volume of 60,929 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 60,929 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Real Estate Income Fund Stock Performance

Nuveen Real Estate Income Fund stock opened at $7.90 on Wednesday. Nuveen Real Estate Income Fund has a twelve month low of $6.56 and a twelve month high of $8.47. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $7.93.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JRS. International Assets Investment Management LLC purchased a new position in shares of Nuveen Real Estate Income Fund in the 4th quarter worth about $36,000. Harbour Investments Inc. grew its position in Nuveen Real Estate Income Fund by 224.2% during the 4th quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock valued at $64,000 after purchasing an additional 5,795 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Nuveen Real Estate Income Fund by 41.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after purchasing an additional 2,500 shares in the last quarter. Colonial Trust Advisors bought a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at about $76,000. Finally, Kanen Wealth Management LLC purchased a new position in Nuveen Real Estate Income Fund in the third quarter worth about $97,000.

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.