Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Rises By 157.5%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 130,300 shares, a growth of 157.5% from the January 31st total of 50,600 shares. Based on an average daily volume of 132,100 shares, the short-interest ratio is currently 1.0 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of JRI stock traded up $0.25 during trading hours on Friday, reaching $13.02. 172,989 shares of the company were exchanged, compared to its average volume of 127,251. Nuveen Real Asset Income and Growth Fund has a fifty-two week low of $10.84 and a fifty-two week high of $13.72. The stock’s fifty day moving average is $12.51 and its two-hundred day moving average is $12.92.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.1335 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 12.31%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in Nuveen Real Asset Income and Growth Fund in the 3rd quarter valued at $10,421,000. Wells Fargo & Company MN raised its stake in Nuveen Real Asset Income and Growth Fund by 27.2% in the 4th quarter. Wells Fargo & Company MN now owns 331,783 shares of the company’s stock valued at $4,025,000 after acquiring an additional 70,873 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth about $3,013,000. Kovitz Investment Group Partners LLC acquired a new stake in Nuveen Real Asset Income and Growth Fund during the third quarter worth approximately $3,055,000. Finally, LPL Financial LLC boosted its stake in Nuveen Real Asset Income and Growth Fund by 6.2% in the 4th quarter. LPL Financial LLC now owns 159,126 shares of the company’s stock valued at $1,930,000 after purchasing an additional 9,349 shares during the period.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.