Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Drops By 47.8%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 22,029 shares, a drop of 47.8% from the August 15th total of 42,233 shares. Based on an average trading volume of 134,242 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 108.4% in the second quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock valued at $735,000 after purchasing an additional 29,498 shares during the period. IMC Chicago LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the second quarter worth $213,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Nuveen Real Asset Income and Growth Fund by 140.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock valued at $54,000 after purchasing an additional 2,454 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Nuveen Real Asset Income and Growth Fund by 319.6% during the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock valued at $896,000 after purchasing an additional 52,675 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock valued at $1,073,000 after purchasing an additional 56,309 shares during the period.

Nuveen Real Asset Income and Growth Fund Trading Up 0.9%

NYSE:JRI traded up $0.10 during trading hours on Thursday, reaching $11.61. The company had a trading volume of 127,701 shares, compared to its average volume of 182,326. Nuveen Real Asset Income and Growth Fund has a 1-year low of $11.50 and a 1-year high of $14.37. The business’s 50 day moving average price is $12.56 and its 200-day moving average price is $12.69.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 13.8%.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.