Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Update

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 42,233 shares, a decrease of 34.3% from the July 30th total of 64,271 shares. Based on an average daily trading volume, of 153,867 shares, the short-interest ratio is currently 0.3 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of JRI traded down $0.01 on Wednesday, hitting $12.16. 51,731 shares of the stock traded hands, compared to its average volume of 181,614. The business has a 50 day simple moving average of $12.76 and a 200 day simple moving average of $12.77. Nuveen Real Asset Income and Growth Fund has a one year low of $11.67 and a one year high of $14.37.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1335 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JRI. IMC Chicago LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the second quarter valued at $213,000. Northwestern Mutual Wealth Management Co. raised its position in 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 worth $54,000 after buying an additional 2,454 shares during the last quarter. CoreCap Advisors LLC raised its position in Nuveen Real Asset Income and Growth Fund by 319.6% in the 2nd quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock worth $896,000 after buying an additional 52,675 shares during the last quarter. Bank of America Corp DE lifted its stake in Nuveen Real Asset Income and Growth Fund by 182.1% during the 1st quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock valued at $1,073,000 after acquiring an additional 56,309 shares during the period. Finally, Readystate Asset Management LP bought a new position in Nuveen Real Asset Income and Growth Fund during the 1st quarter valued at about $354,000.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.