Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Increases By 380.0%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 31,200 shares, a growth of 380.0% from the October 15th total of 6,500 shares. Based on an average daily trading volume, of 94,600 shares, the short-interest ratio is presently 0.3 days.

Nuveen Real Estate Income Fund Trading Down 0.5 %

Shares of Nuveen Real Estate Income Fund stock traded down $0.05 on Tuesday, hitting $9.26. 83,159 shares of the company were exchanged, compared to its average volume of 83,944. The company has a 50-day moving average price of $9.04 and a 200 day moving average price of $8.28. Nuveen Real Estate Income Fund has a 1-year low of $6.41 and a 1-year high of $9.45.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.34%. The ex-dividend date was Friday, September 13th.

Institutional Trading of Nuveen Real Estate Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC increased its position in Nuveen Real Estate Income Fund by 40.9% during the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after purchasing an additional 179,819 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Nuveen Real Estate Income Fund by 838.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after buying an additional 33,462 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Nuveen Real Estate Income Fund by 18.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after buying an additional 1,980 shares during the period. Private Advisor Group LLC lifted its holdings in Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after acquiring an additional 38,650 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in Nuveen Real Estate Income Fund in the first quarter worth approximately $87,000.

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.