Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Drops By 58.2%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 15,200 shares, a drop of 58.2% from the January 31st total of 36,400 shares. Based on an average daily volume of 72,800 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in Nuveen Real Estate Income Fund by 838.0% during the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after purchasing an additional 33,462 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 40.9% in the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after buying an additional 179,819 shares in the last quarter. Stifel Financial Corp raised its stake in Nuveen Real Estate Income Fund by 19.8% in the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after purchasing an additional 5,341 shares in the last quarter. MML Investors Services LLC purchased a new stake in Nuveen Real Estate Income Fund in the third quarter valued at approximately $140,000. Finally, Mutual Advisors LLC raised its stake in Nuveen Real Estate Income Fund by 4.3% in the fourth quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock valued at $725,000 after purchasing an additional 3,518 shares in the last quarter.

Nuveen Real Estate Income Fund Price Performance

Shares of NYSE:JRS opened at $8.83 on Friday. The company’s 50-day moving average is $8.57 and its 200 day moving average is $8.86. Nuveen Real Estate Income Fund has a fifty-two week low of $7.10 and a fifty-two week high of $9.69.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 7.70%.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector.