Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Stock Short Interest Drops 91.6%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,078 shares, a decline of 91.6% from the September 15th total of 48,785 shares. Based on an average daily volume of 234,299 shares, the short-interest ratio is currently 0.0 days.

Nuveen Real Asset Income and Growth Fund Stock Up 1.0%

JRI traded up $0.11 during mid-day trading on Friday, reaching $10.62. The stock had a trading volume of 232,157 shares, compared to its average volume of 188,203. The firm’s fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $12.48. Nuveen Real Asset Income and Growth Fund has a 52 week low of $10.36 and a 52 week high of $14.21.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.1335 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.60 annualized dividend and a yield of 15.1%.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 1.3% during the 1st quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock valued at $1,721,000 after purchasing an additional 1,750 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Nuveen Real Asset Income and Growth Fund by 140.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock valued at $54,000 after purchasing an additional 2,454 shares during the period. Alteri Wealth LLC increased its stake in Nuveen Real Asset Income and Growth Fund by 42.2% during the 4th quarter. Alteri Wealth LLC now owns 19,003 shares of the company’s stock worth $259,000 after purchasing an additional 5,641 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Nuveen Real Asset Income and Growth Fund by 12.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 93,073 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,066 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen Real Asset Income and Growth Fund during the 1st quarter worth approximately $128,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company advised by Nuveen Fund Advisors. The fund seeks to provide a high level of current income and long-term total return by investing primarily in securities associated with real assets.

Its portfolio may include infrastructure companies, real estate investment trusts, utilities, energy-related businesses, and other issuers whose assets or operations are linked to tangible resources.