Nuveen Real Estate Income Fund (NYSE:JRS) Sees Large Drop in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,782 shares, a decline of 14.2% from the December 31st total of 5,573 shares. Based on an average daily trading volume, of 123,107 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 123,107 shares, the short-interest ratio is presently 0.0 days.

Nuveen Real Estate Income Fund Trading Up 0.1%

Shares of Nuveen Real Estate Income Fund stock traded up $0.01 during trading hours on Tuesday, reaching $7.71. 22,140 shares of the company’s stock were exchanged, compared to its average volume of 101,412. The company has a 50 day moving average of $7.71 and a two-hundred day moving average of $7.88. Nuveen Real Estate Income Fund has a fifty-two week low of $6.56 and a fifty-two week high of $8.92.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.68 annualized dividend and a yield of 8.8%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Real Estate Income Fund by 7.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,229 shares of the company’s stock valued at $157,000 after buying an additional 1,364 shares during the last quarter. Mutual Advisors LLC lifted its stake in Nuveen Real Estate Income Fund by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 90,728 shares of the company’s stock valued at $695,000 after acquiring an additional 1,751 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Nuveen Real Estate Income Fund by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,265 shares of the company’s stock valued at $368,000 after acquiring an additional 1,920 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Nuveen Real Estate Income Fund by 41.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the 2nd quarter worth about $30,000.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.