Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Expands By 158.0%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 20,900 shares, a growth of 158.0% from the August 15th total of 8,100 shares. Based on an average trading volume of 80,700 shares, the short-interest ratio is currently 0.3 days.

Nuveen Real Estate Income Fund Stock Up 2.2 %

Shares of NYSE:JRS traded up $0.20 during trading on Friday, reaching $9.14. The stock had a trading volume of 90,213 shares, compared to its average volume of 80,561. Nuveen Real Estate Income Fund has a one year low of $5.95 and a one year high of $9.15. The firm’s 50-day simple moving average is $8.42 and its 200 day simple moving average is $7.84.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date is Friday, September 13th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC increased its holdings in shares of Nuveen Real Estate Income Fund by 32.4% in the fourth quarter. Cornerstone Advisors LLC now owns 369,123 shares of the company’s stock valued at $2,887,000 after purchasing an additional 90,357 shares during the last quarter. Advisors Asset Management Inc. grew its position in Nuveen Real Estate Income Fund by 11.5% in the first quarter. Advisors Asset Management Inc. now owns 829,388 shares of the company’s stock worth $6,552,000 after acquiring an additional 85,823 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Nuveen Real Estate Income Fund in the 4th quarter valued at $360,000. Private Advisor Group LLC grew its holdings in shares of Nuveen Real Estate Income Fund by 11.7% during the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after purchasing an additional 38,650 shares during the period. Finally, Flow State Investments L.P. acquired a new stake in shares of Nuveen Real Estate Income Fund during the 4th quarter worth about $179,000.

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.