Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Rises By 71.7%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 26,100 shares, a growth of 71.7% from the February 13th total of 15,200 shares. Based on an average daily trading volume, of 77,300 shares, the short-interest ratio is presently 0.3 days.

Nuveen Real Estate Income Fund Trading Down 1.8 %

JRS stock opened at $8.10 on Friday. The business’s fifty day moving average price is $8.57 and its two-hundred day moving average price is $8.87. Nuveen Real Estate Income Fund has a fifty-two week low of $7.10 and a fifty-two week high of $9.69.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC lifted its stake in Nuveen Real Estate Income Fund by 40.9% in the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after buying an additional 179,819 shares during the period. Stifel Financial Corp raised its position in shares of Nuveen Real Estate Income Fund by 19.8% during the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after purchasing an additional 5,341 shares during the period. MML Investors Services LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the third quarter worth approximately $140,000. Mutual Advisors LLC raised its position in shares of Nuveen Real Estate Income Fund by 4.3% during the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock worth $725,000 after purchasing an additional 3,518 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Nuveen Real Estate Income Fund during the fourth quarter worth approximately $52,000.

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.