Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Rises By 7.1%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 102,200 shares, an increase of 7.1% from the September 15th total of 95,400 shares. Based on an average daily volume of 162,500 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of JRI opened at $13.15 on Friday. Nuveen Real Asset Income and Growth Fund has a 52-week low of $9.70 and a 52-week high of $13.72. The stock’s 50-day simple moving average is $13.10 and its 200 day simple moving average is $12.29.

Nuveen Real Asset Income and Growth Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.133 dividend. This represents a $1.60 annualized dividend and a yield of 12.14%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

Several institutional investors have recently added to or reduced their stakes in JRI. Private Advisor Group LLC lifted its stake in shares of Nuveen Real Asset Income and Growth Fund by 31.2% in the 2nd quarter. Private Advisor Group LLC now owns 168,398 shares of the company’s stock valued at $2,049,000 after acquiring an additional 40,028 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in Nuveen Real Asset Income and Growth Fund by 38.2% in the second quarter. Consolidated Portfolio Review Corp now owns 134,938 shares of the company’s stock valued at $1,642,000 after purchasing an additional 37,331 shares during the last quarter. Choreo LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 70.3% during the second quarter. Choreo LLC now owns 47,159 shares of the company’s stock valued at $581,000 after purchasing an additional 19,469 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the second quarter worth approximately $422,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Nuveen Real Asset Income and Growth Fund by 21.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 32,199 shares of the company’s stock worth $392,000 after purchasing an additional 5,650 shares during the last quarter.

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.