Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Large Growth in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 121,100 shares, an increase of 165.5% from the April 30th total of 45,609 shares. Based on an average daily volume of 157,264 shares, the short-interest ratio is presently 0.8 days.

Nuveen Real Asset Income and Growth Fund Stock Up 0.4%

Shares of JRI stock traded up $0.05 during trading on Friday, hitting $12.91. The company had a trading volume of 121,806 shares, compared to its average volume of 213,264. The stock’s 50-day moving average is $12.72 and its two-hundred day moving average is $13.14. Nuveen Real Asset Income and Growth Fund has a 52 week low of $11.67 and a 52 week high of $14.37.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.1335 dividend. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Friday, May 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JRI. Absolute Investment Advisers LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the first quarter worth approximately $7,205,000. Sterneck Capital Management LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the first quarter worth approximately $1,172,000. Closed End Fund Advisors Inc. bought a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at approximately $883,000. Bank of America Corp DE grew its position in Nuveen Real Asset Income and Growth Fund by 182.1% during the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock valued at $1,073,000 after acquiring an additional 56,309 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Nuveen Real Asset Income and Growth Fund by 241.3% during the first quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock valued at $832,000 after acquiring an additional 45,443 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile

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.