Nuveen Real Estate Income Fund (NYSE:JRS) Sees Significant Growth in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 108,600 shares, an increase of 148.5% from the September 30th total of 43,700 shares. Based on an average daily trading volume, of 90,700 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 90,700 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of hedge funds have recently added to or reduced their stakes in JRS. Wolverine Asset Management LLC purchased a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at $2,497,000. Advisors Asset Management Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 26.8% during the 1st quarter. Advisors Asset Management Inc. now owns 894,897 shares of the company’s stock worth $7,374,000 after acquiring an additional 188,944 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of Nuveen Real Estate Income Fund during the 2nd quarter worth $385,000. Invesco Ltd. boosted its stake in shares of Nuveen Real Estate Income Fund by 25.9% during the 1st quarter. Invesco Ltd. now owns 179,226 shares of the company’s stock worth $1,477,000 after acquiring an additional 36,859 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 50.6% during the 2nd quarter. Shaker Financial Services LLC now owns 98,228 shares of the company’s stock worth $781,000 after acquiring an additional 33,000 shares during the last quarter.

Nuveen Real Estate Income Fund Trading Up 0.5%

Shares of JRS opened at $7.95 on Friday. The firm has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $7.91. Nuveen Real Estate Income Fund has a 1-year low of $6.56 and a 1-year high of $9.69.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 8.6%.

Nuveen Real Estate Income Fund Company Profile

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.