Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 13,894 shares, a growth of 319.6% from the October 15th total of 3,311 shares. Based on an average trading volume of 66,206 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of Nuveen Real Estate Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JRS. NWF Advisory Services Inc. boosted its holdings in shares of Nuveen Real Estate Income Fund by 3.8% in the 2nd quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock valued at $503,000 after buying an additional 2,200 shares in the last quarter. Royal Bank of Canada raised its stake in Nuveen Real Estate Income Fund by 2.5% during the 1st quarter. Royal Bank of Canada now owns 152,757 shares of the company’s stock worth $1,140,000 after acquiring an additional 3,795 shares in the last quarter. Private Advisor Group LLC raised its stake in Nuveen Real Estate Income Fund by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 413,308 shares of the company’s stock worth $3,050,000 after acquiring an additional 4,264 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 4,707 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at about $51,000.
Nuveen Real Estate Income Fund Stock Performance
JRS stock opened at $7.76 on Thursday. The business has a 50 day moving average price of $7.56 and a 200 day moving average price of $8.02. Nuveen Real Estate Income Fund has a fifty-two week low of $7.12 and a fifty-two week high of $8.90.
Nuveen Real Estate Income Fund Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 9.8%.
About Nuveen Real Estate Income Fund
Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, long-term capital appreciation. The fund is managed by Nuveen Fund Advisors, an asset-management subsidiary of TIAA. The fund invests primarily in securities issued by real estate investment trusts (REITs) and other real estate-related companies. Its portfolio may include common stocks, preferred securities, debt securities and other investments tied to commercial, residential and specialized real estate sectors.
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