Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Grows By 149.5%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 13,923 shares, a growth of 149.5% from the February 26th total of 5,581 shares. Based on an average trading volume of 55,642 shares, the short-interest ratio is currently 0.3 days.

Nuveen Real Estate Income Fund Stock Performance

Shares of NYSE:JRS traded down $0.15 during trading on Friday, hitting $7.20. 102,385 shares of the company’s stock were exchanged, compared to its average volume of 82,595. The business’s 50-day simple moving average is $7.85 and its 200 day simple moving average is $7.88. Nuveen Real Estate Income Fund has a 52-week low of $6.56 and a 52-week high of $8.38.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of Nuveen Real Estate Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JRS. Kanen Wealth Management LLC increased its position in shares of Nuveen Real Estate Income Fund by 3,975.8% during the 4th quarter. Kanen Wealth Management LLC now owns 480,939 shares of the company’s stock valued at $3,668,000 after purchasing an additional 469,139 shares during the last quarter. Pathstone Holdings LLC lifted its position in Nuveen Real Estate Income Fund by 26.4% in the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after buying an additional 140,914 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in Nuveen Real Estate Income Fund during the fourth quarter worth $832,000. Advisors Asset Management Inc. boosted its stake in Nuveen Real Estate Income Fund by 14.4% during the fourth quarter. Advisors Asset Management Inc. now owns 665,520 shares of the company’s stock worth $5,098,000 after buying an additional 83,927 shares during the period. Finally, Cornerstone Advisors LLC increased its position in Nuveen Real Estate Income Fund by 256.6% during the third quarter. Cornerstone Advisors LLC now owns 84,614 shares of the company’s stock valued at $692,000 after acquiring an additional 60,884 shares during the last quarter.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.