Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Up 82.8% in July

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 72,902 shares, an increase of 82.8% from the June 30th total of 39,887 shares. Based on an average daily trading volume, of 110,107 shares, the days-to-cover ratio is presently 0.7 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JRI. CoreCap Advisors LLC increased its position in shares of Nuveen Real Asset Income and Growth Fund by 319.6% during the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock worth $896,000 after acquiring an additional 52,675 shares during the last quarter. Bank of America Corp DE raised its position in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the 1st quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock valued at $1,073,000 after purchasing an additional 56,309 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the 1st quarter valued at approximately $354,000. Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the first quarter worth approximately $128,000. Finally, Calamos Advisors LLC bought a new stake in shares of Nuveen Real Asset Income and Growth Fund in the first quarter worth $149,000.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of NYSE:JRI traded up $0.07 during mid-day trading on Friday, hitting $12.95. 104,599 shares of the company traded hands, compared to its average volume of 187,994. The firm’s 50 day simple moving average is $12.86 and its 200 day simple moving average is $12.91. Nuveen Real Asset Income and Growth Fund has a 52-week low of $11.67 and a 52-week high of $14.37.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1335 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, July 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.