Nuveen Real Estate Income Fund (NYSE:JRS) Sees Large Growth in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 107,800 shares, a growth of 245.5% from the October 31st total of 31,200 shares. Based on an average daily trading volume, of 90,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JRS. International Assets Investment Management LLC acquired a new position in Nuveen Real Estate Income Fund during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nuveen Real Estate Income Fund by 18.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after acquiring an additional 1,980 shares during the period. MML Investors Services LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the 3rd quarter worth approximately $140,000. Stifel Financial Corp lifted its stake in shares of Nuveen Real Estate Income Fund by 19.8% in the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after acquiring an additional 5,341 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 11.7% in 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.

Nuveen Real Estate Income Fund Trading Down 0.1 %

Nuveen Real Estate Income Fund stock traded down $0.01 during midday trading on Friday, reaching $9.64. 32,744 shares of the stock traded hands, compared to its average volume of 82,047. The firm has a fifty day moving average price of $9.10 and a two-hundred day moving average price of $8.43. Nuveen Real Estate Income Fund has a fifty-two week low of $6.97 and a fifty-two week high of $9.69.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date was Friday, September 13th.

Nuveen Real Estate Income Fund Company Profile

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.