Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Update

Nuveen Real Estate Income Fund (NYSE:JRS) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 124,900 shares, a growth of 15.9% from the November 15th total of 107,800 shares. Based on an average trading volume of 84,200 shares, the short-interest ratio is presently 1.5 days.

Nuveen Real Estate Income Fund Price Performance

Shares of JRS traded down $0.15 during mid-day trading on Tuesday, reaching $8.77. The company’s stock had a trading volume of 27,919 shares, compared to its average volume of 80,907. The business has a fifty day moving average of $9.15 and a 200 day moving average of $8.60. Nuveen Real Estate Income Fund has a 1 year low of $7.10 and a 1 year 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, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

A number of hedge funds have recently modified their holdings of JRS. International Assets Investment Management LLC bought a new stake in Nuveen Real Estate Income Fund during the second quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Nuveen Real Estate Income Fund by 18.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after acquiring an additional 1,980 shares during the period. MML Investors Services LLC bought a new stake in Nuveen Real Estate Income Fund during the third quarter valued at about $140,000. Stifel Financial Corp boosted its holdings in 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 valued at $300,000 after acquiring an additional 5,341 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Nuveen Real Estate Income Fund by 11.7% during the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after acquiring an additional 38,650 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.