Nuveen Real Estate Income Fund (NYSE:JRS) Sees Significant Growth in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 8,300 shares, a growth of 4,050.0% from the May 15th total of 200 shares. Based on an average daily volume of 82,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Nuveen Real Estate Income Fund

Large investors have recently bought and sold shares of the business. Elequin Capital LP acquired a new position in Nuveen Real Estate Income Fund during the first quarter worth about $45,000. Geneos Wealth Management Inc. increased its position in shares of Nuveen Real Estate Income Fund by 41.3% in the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after acquiring an additional 2,500 shares in the last quarter. Bay Capital Advisors LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter worth $120,000. Citadel Advisors LLC acquired a new stake in Nuveen Real Estate Income Fund during the 4th quarter valued at $128,000. Finally, Mariner LLC acquired a new stake in Nuveen Real Estate Income Fund during the 4th quarter valued at $149,000.

Nuveen Real Estate Income Fund Price Performance

Nuveen Real Estate Income Fund stock opened at $7.99 on Thursday. Nuveen Real Estate Income Fund has a 1 year low of $6.56 and a 1 year high of $9.69. The company’s 50 day simple moving average is $7.73 and its 200-day simple moving average is $8.32.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen Real Estate Income Fund Company Profile

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.