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

Nuveen Real Estate Income Fund (NYSE:JRS) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 3,311 shares, an increase of 167.0% from the September 30th total of 1,240 shares. Based on an average daily volume of 79,005 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in Nuveen Real Estate Income Fund during the second quarter worth about $51,000. Readystate Asset Management LP bought a new position in Nuveen Real Estate Income Fund in the first quarter valued at approximately $79,000. Susquehanna International Group LLP bought a new stake in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at about $86,000. Kestra Advisory Services LLC raised its stake in Nuveen Real Estate Income Fund by 16.2% in the 1st quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock valued at $252,000 after acquiring an additional 4,707 shares during the period. Finally, Bank of America Corp DE acquired a new position in Nuveen Real Estate Income Fund in the 2nd quarter valued at about $395,000.

Nuveen Real Estate Income Fund Price Performance

Shares of NYSE:JRS traded up $0.12 during trading hours on Thursday, hitting $7.45. The stock had a trading volume of 75,249 shares, compared to its average volume of 71,659. Nuveen Real Estate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.90. The stock’s fifty day simple moving average is $7.70 and its 200 day simple moving average is $8.02.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.2%. The ex-dividend date was Tuesday, September 15th.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE:JRS) is a closed-end investment fund that seeks to provide a high level of current income along with the potential for capital appreciation. The fund invests primarily in income-producing securities issued by real estate companies, including real estate investment trusts (REITs), real estate operating companies and related businesses.

JRS may hold a combination of common stocks, preferred securities and debt instruments, giving investors exposure to multiple segments of the real estate industry.