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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 69,001 shares, a decline of 43.0% from the May 14th total of 121,100 shares. Based on an average trading volume of 134,456 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC acquired a new position in Nuveen Real Asset Income and Growth Fund in the 1st quarter valued at about $7,205,000. Wells Fargo & Company MN boosted its holdings in Nuveen Real Asset Income and Growth Fund by 11.4% in the 4th quarter. Wells Fargo & Company MN now owns 263,910 shares of the company’s stock valued at $3,592,000 after purchasing an additional 26,929 shares in the last quarter. LPL Financial LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 2.5% in the 4th quarter. LPL Financial LLC now owns 223,359 shares of the company’s stock valued at $3,040,000 after purchasing an additional 5,529 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 15.9% in the 4th quarter. Guggenheim Capital LLC now owns 218,563 shares of the company’s stock valued at $2,975,000 after purchasing an additional 29,953 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 166,492 shares of the company’s stock valued at $2,373,000 after purchasing an additional 3,715 shares in the last quarter.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of JRI stock opened at $12.84 on Friday. Nuveen Real Asset Income and Growth Fund has a 52-week low of $11.67 and a 52-week high of $14.37. The stock’s 50-day moving average price is $12.86 and its 200 day moving average price is $13.08.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.1335 dividend. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, June 15th.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.