Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Significant Increase in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 18,154 shares, a growth of 345.2% from the September 30th total of 4,078 shares. Based on an average trading volume of 223,522 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of JRI stock opened at $10.88 on Wednesday. Nuveen Real Asset Income and Growth Fund has a 1-year low of $10.31 and a 1-year high of $14.13. The firm has a fifty day moving average of $11.40 and a two-hundred day moving average of $12.52.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.1335 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. increased its holdings in Nuveen Real Asset Income and Growth Fund by 17.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,873 shares of the company’s stock valued at $139,000 after buying an additional 1,954 shares during the last quarter. Decision Investments Inc. acquired a new position in shares of Nuveen Real Asset Income and Growth Fund in the 3rd quarter worth approximately $115,000. NewEdge Advisors LLC grew its position in shares of Nuveen Real Asset Income and Growth Fund by 108.4% in the 2nd quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock worth $735,000 after acquiring an additional 29,498 shares in the last quarter. IMC Chicago LLC acquired a new position in shares of Nuveen Real Asset Income and Growth Fund in the 2nd quarter worth approximately $213,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nuveen Real Asset Income and Growth Fund by 140.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock valued at $54,000 after acquiring an additional 2,454 shares during the last quarter.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with current income and long-term capital appreciation by investing in a diversified portfolio of securities associated with real assets.

Its investment portfolio may include real estate investment trusts, infrastructure companies, utilities, energy and natural-resource businesses, transportation companies, and other issuers whose operations or assets are linked to physical assets and essential services.