Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Declines By 43.0%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 69,001 shares, a decline of 43.0% from the May 14th total of 121,100 shares. Based on an average daily trading volume, of 134,456 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Absolute Investment Advisers LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund in the first quarter worth about $7,205,000. Wells Fargo & Company MN grew its holdings in Nuveen Real Asset Income and Growth Fund by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 263,910 shares of the company’s stock worth $3,592,000 after purchasing an additional 26,929 shares during the period. LPL Financial LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 2.5% in the fourth quarter. LPL Financial LLC now owns 223,359 shares of the company’s stock worth $3,040,000 after purchasing an additional 5,529 shares during the period. Guggenheim Capital LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 15.9% in the fourth quarter. Guggenheim Capital LLC now owns 218,563 shares of the company’s stock worth $2,975,000 after purchasing an additional 29,953 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 2.3% in the third quarter. Private Advisor Group LLC now owns 166,492 shares of the company’s stock worth $2,373,000 after purchasing an additional 3,715 shares during the period.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of NYSE JRI traded down $0.07 during midday trading on Monday, hitting $12.73. 120,645 shares of the company traded hands, compared to its average volume of 208,088. Nuveen Real Asset Income and Growth Fund has a 12-month low of $11.67 and a 12-month high of $14.37. The stock has a 50-day moving average price of $12.87 and a 200 day moving average price of $13.07.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1335 dividend. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Monday, June 15th.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.