Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Down 28.1% in February

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 93,700 shares, a drop of 28.1% from the February 13th total of 130,300 shares. Based on an average daily trading volume, of 139,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in Nuveen Real Asset Income and Growth Fund by 151.4% during the 4th quarter. Larson Financial Group LLC now owns 2,675 shares of the company’s stock valued at $32,000 after buying an additional 1,611 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at $96,000. Elequin Capital LP bought a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at about $102,000. Worth Asset Management LLC bought a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at about $122,000. Finally, Envestnet Asset Management Inc. purchased a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter worth about $128,000.

Nuveen Real Asset Income and Growth Fund Price Performance

NYSE:JRI traded down $0.03 during mid-day trading on Tuesday, reaching $12.98. The company’s stock had a trading volume of 55,098 shares, compared to its average volume of 127,901. The firm’s fifty day moving average price is $12.66 and its two-hundred day moving average price is $12.93. Nuveen Real Asset Income and Growth Fund has a 12-month low of $10.84 and a 12-month high of $13.72.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 12.35%.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.