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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 162,600 shares, a growth of 73.5% from the February 28th total of 93,700 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is presently 1.2 days.

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

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC increased its position in shares of Nuveen Real Asset Income and Growth Fund by 151.4% during the 4th quarter. Larson Financial Group LLC now owns 2,675 shares of the company’s stock valued at $32,000 after purchasing an additional 1,611 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 42,880 shares of the company’s stock worth $520,000 after buying an additional 3,208 shares during the last quarter. First Trust Advisors LP grew its position in Nuveen Real Asset Income and Growth Fund by 3.1% during the fourth quarter. First Trust Advisors LP now owns 118,943 shares of the company’s stock valued at $1,443,000 after buying an additional 3,535 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Nuveen Real Asset Income and Growth Fund by 10.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 39,740 shares of the company’s stock worth $486,000 after buying an additional 3,832 shares during the last quarter. Finally, World Investment Advisors raised its position in Nuveen Real Asset Income and Growth Fund by 37.3% in the fourth quarter. World Investment Advisors now owns 18,398 shares of the company’s stock worth $223,000 after acquiring an additional 5,000 shares during the period.

Nuveen Real Asset Income and Growth Fund Price Performance

NYSE JRI traded down $0.16 during trading hours on Friday, hitting $12.85. The company’s stock had a trading volume of 80,946 shares, compared to its average volume of 127,686. Nuveen Real Asset Income and Growth Fund has a 52 week low of $10.84 and a 52 week high of $13.72. The company’s 50-day simple moving average is $12.80 and its two-hundred day simple moving average is $12.93.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.1335 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 12.47%.

Nuveen Real Asset Income and Growth Fund Company Profile

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.