Brookfield Real Assets Income Fund Inc. (NYSE:RA) Short Interest Up 59.6% in May

Brookfield Real Assets Income Fund Inc. (NYSE:RA) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 92,991 shares, an increase of 59.6% from the May 14th total of 58,276 shares. Based on an average daily trading volume, of 176,950 shares, the short-interest ratio is currently 0.5 days.

Brookfield Real Assets Income Fund Stock Performance

Shares of Brookfield Real Assets Income Fund stock traded up $0.01 on Tuesday, hitting $12.60. 61,432 shares of the company traded hands, compared to its average volume of 183,710. The stock’s 50 day moving average price is $12.83 and its 200-day moving average price is $12.97. Brookfield Real Assets Income Fund has a 52 week low of $12.50 and a 52 week high of $13.59.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.118 per share. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Thursday, June 11th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,281.82%.

Insider Buying and Selling

In other Brookfield Real Assets Income Fund news, Director Heather S. Goldman sold 2,750 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $12.72, for a total value of $34,980.00. Following the transaction, the director directly owned 22 shares in the company, valued at $279.84. This represents a 99.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

Several hedge funds have recently made changes to their positions in the company. SeaCrest Wealth Management LLC grew its position in shares of Brookfield Real Assets Income Fund by 10.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,817 shares of the company’s stock worth $214,000 after buying an additional 1,433 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Brookfield Real Assets Income Fund by 1.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 116,980 shares of the company’s stock worth $1,516,000 after acquiring an additional 1,562 shares during the period. Wedbush Securities Inc. lifted its stake in Brookfield Real Assets Income Fund by 7.5% in the third quarter. Wedbush Securities Inc. now owns 32,342 shares of the company’s stock worth $432,000 after acquiring an additional 2,243 shares during the period. Advisors Asset Management Inc. grew its holdings in Brookfield Real Assets Income Fund by 1.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 131,149 shares of the company’s stock worth $1,752,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Sterneck Capital Management LLC grew its holdings in Brookfield Real Assets Income Fund by 7.7% during the 1st quarter. Sterneck Capital Management LLC now owns 32,181 shares of the company’s stock worth $414,000 after acquiring an additional 2,295 shares in the last quarter.

Brookfield Real Assets Income Fund Company Profile

Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.

The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.