Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 35.4%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 32,465 shares, a decrease of 35.4% from the June 30th total of 50,291 shares. Based on an average trading volume of 77,895 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Nuveen Real Estate Income Fund in the 4th quarter valued at about $36,000. Harbour Investments Inc. raised its position in shares of Nuveen Real Estate Income Fund by 224.2% during the fourth quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock worth $64,000 after acquiring an additional 5,795 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Nuveen Real Estate Income Fund by 41.3% in the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after acquiring an additional 2,500 shares during the period. Readystate Asset Management LP acquired a new position in shares of Nuveen Real Estate Income Fund in the first quarter worth approximately $79,000. Finally, Kanen Wealth Management LLC bought a new stake in Nuveen Real Estate Income Fund in the third quarter valued at approximately $97,000.

Nuveen Real Estate Income Fund Stock Down 0.5%

JRS stock opened at $8.61 on Friday. The company has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.09. Nuveen Real Estate Income Fund has a 52-week low of $7.12 and a 52-week high of $8.90.

Nuveen Real Estate Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.19 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 8.8%.

About Nuveen Real Estate Income Fund

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.