Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Up 149.5% in March

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 13,923 shares, an increase of 149.5% from the February 26th total of 5,581 shares. Based on an average daily trading volume, of 55,642 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 55,642 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JRS. International Assets Investment Management LLC bought a new position in shares of Nuveen Real Estate Income Fund during the 4th quarter worth approximately $36,000. Harbour Investments Inc. raised its stake in Nuveen Real Estate Income Fund by 224.2% in the 4th quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock valued at $64,000 after acquiring an additional 5,795 shares during the period. Geneos Wealth Management Inc. lifted its holdings in 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 valued at $70,000 after purchasing an additional 2,500 shares during the last quarter. Colonial Trust Advisors bought a new position in Nuveen Real Estate Income Fund during the second quarter worth $76,000. Finally, Kanen Wealth Management LLC bought a new position in Nuveen Real Estate Income Fund during the third quarter worth $97,000.

Nuveen Real Estate Income Fund Trading Up 0.7%

NYSE JRS traded up $0.05 during trading on Wednesday, hitting $7.35. The stock had a trading volume of 51,760 shares, compared to its average volume of 81,774. Nuveen Real Estate Income Fund has a 12 month low of $6.56 and a 12 month high of $8.38. The company’s 50-day moving average price is $7.88 and its two-hundred day moving average price is $7.90.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, March 13th.

About Nuveen Real Estate Income Fund

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.