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

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 107,800 shares, an increase of 245.5% from the October 31st total of 31,200 shares. Based on an average daily volume of 90,600 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Nuveen Real Estate Income Fund during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after acquiring an additional 1,980 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Nuveen Real Estate Income Fund in the third quarter worth $140,000. Stifel Financial Corp raised its holdings in shares of Nuveen Real Estate Income Fund by 19.8% in the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after acquiring an additional 5,341 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after acquiring an additional 38,650 shares during the last quarter.

Nuveen Real Estate Income Fund Stock Performance

JRS stock traded up $0.13 during midday trading on Wednesday, hitting $9.68. 17,933 shares of the stock were exchanged, compared to its average volume of 82,206. The stock’s 50-day moving average price is $9.08 and its 200-day moving average price is $8.42. Nuveen Real Estate Income Fund has a fifty-two week low of $6.85 and a fifty-two week high of $9.68.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 7.02%.

About Nuveen Real Estate Income Fund

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.