Nuveen Real Estate Income Fund (NYSE:JRS – Get Rating) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 33,900 shares, an increase of 226.0% from the November 15th total of 10,400 shares. Based on an average trading volume of 94,100 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of Nuveen Real Estate Income Fund
Several institutional investors and hedge funds have recently modified their holdings of JRS. Atria Wealth Solutions Inc. purchased a new stake in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at about $1,529,000. Cornerstone Advisors LLC purchased a new position in shares of Nuveen Real Estate Income Fund during the 3rd quarter valued at about $722,000. Advisors Asset Management Inc. raised its holdings in shares of Nuveen Real Estate Income Fund by 13.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 647,140 shares of the company's stock valued at $5,002,000 after buying an additional 78,369 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of Nuveen Real Estate Income Fund during the 3rd quarter valued at about $531,000. Finally, Private Advisor Group LLC raised its holdings in shares of Nuveen Real Estate Income Fund by 36.0% during the 2nd quarter. Private Advisor Group LLC now owns 224,923 shares of the company's stock valued at $2,114,000 after buying an additional 59,494 shares in the last quarter.
Get Nuveen Real Estate Income Fund alerts:Nuveen Real Estate Income Fund Stock Performance
Shares of NYSE:JRS traded down $0.28 on Wednesday, hitting $8.15. The company's stock had a trading volume of 114,092 shares, compared to its average volume of 89,249. The company has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $8.93. Nuveen Real Estate Income Fund has a 1 year low of $7.02 and a 1 year high of $12.90.
Nuveen Real Estate Income Fund Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.209 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 10.26%.Nuveen Real Estate Income Fund Company Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Nuveen Real Estate Income Fund (JRS)
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