Nuveen Real Estate Income Fund (NYSE:JRS) Sees Significant Decrease in Short Interest
by Renee Jackson · The Cerbat GemNuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,573 shares, a drop of 94.4% from the December 15th total of 100,408 shares. Based on an average daily volume of 125,462 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 125,462 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Nuveen Real Estate Income Fund
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new stake in Nuveen Real Estate Income Fund during the second quarter worth $30,000. Geneos Wealth Management Inc. increased its holdings in shares of Nuveen Real Estate Income Fund by 41.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Colonial Trust Advisors acquired a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at $76,000. Kanen Wealth Management LLC bought a new position in shares of Nuveen Real Estate Income Fund in the third quarter valued at about $97,000. Finally, TrueMark Investments LLC bought a new position in shares of Nuveen Real Estate Income Fund in the third quarter valued at about $113,000.
Nuveen Real Estate Income Fund Price Performance
Shares of NYSE JRS traded up $0.04 during trading hours on Wednesday, hitting $7.75. 84,448 shares of the stock were exchanged, compared to its average volume of 128,239. Nuveen Real Estate Income Fund has a one year low of $6.56 and a one year high of $8.92. The company’s 50 day moving average is $7.74 and its 200 day moving average is $7.88.
Nuveen Real Estate Income Fund Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.17 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.8%.
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.