Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 58.2%

Nuveen Real Estate Income Fund (NYSE:JRS) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 15,200 shares, a decline of 58.2% from the January 31st total of 36,400 shares. Based on an average trading volume of 72,800 shares, the short-interest ratio is presently 0.2 days.

Nuveen Real Estate Income Fund Price Performance

Shares of JRS stock traded up $0.12 on Friday, hitting $8.83. The stock had a trading volume of 76,195 shares, compared to its average volume of 72,279. The company has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $8.87. Nuveen Real Estate Income Fund has a twelve month low of $7.10 and a twelve month high of $9.69.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 7.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JRS. Invesco Ltd. boosted its holdings in Nuveen Real Estate Income Fund by 1.0% in the 4th quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,372 shares during the period. Mutual Advisors LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 4.3% in the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock worth $725,000 after acquiring an additional 3,518 shares during the period. Cetera Investment Advisers lifted its stake in shares of Nuveen Real Estate Income Fund by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 95,346 shares of the company’s stock valued at $823,000 after purchasing an additional 3,825 shares during the period. Stifel Financial Corp boosted its stake in Nuveen Real Estate Income Fund by 12.4% during the fourth quarter. Stifel Financial Corp now owns 36,266 shares of the company’s stock worth $313,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Nuveen Real Estate Income Fund by 15.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 40,349 shares of the company’s stock valued at $348,000 after acquiring an additional 5,251 shares during the period.

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.