Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Increases By 380.0%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 31,200 shares, a growth of 380.0% from the October 15th total of 6,500 shares. Based on an average trading volume of 94,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of large investors have recently added to or reduced their stakes in JRS. Advisors Asset Management Inc. increased its holdings in shares of 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 buying an additional 85,823 shares during the period. Pathstone Holdings LLC increased its holdings in shares of 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 worth $5,765,000 after buying an additional 179,819 shares during the period. Private Advisor Group LLC increased its holdings in shares of Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after buying an additional 38,650 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Nuveen Real Estate Income Fund by 838.0% in the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after buying an additional 33,462 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after buying an additional 1,980 shares during the period.

Nuveen Real Estate Income Fund Stock Down 0.6 %

JRS traded down $0.06 on Wednesday, hitting $9.20. The company’s stock had a trading volume of 53,383 shares, compared to its average volume of 83,805. Nuveen Real Estate Income Fund has a 12 month low of $6.60 and a 12 month high of $9.45. The company’s 50 day simple moving average is $9.05 and its 200-day simple moving average is $8.29.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.39%.

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.