Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Shares Shorted: Short Interest Up 121.5% in September

by · The Markets Daily

Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 48,785 shares, a growth of 121.5% from the August 31st total of 22,029 shares. Based on an average daily trading volume, of 186,923 shares, the short-interest ratio is currently 0.3 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of NYSE:JRI traded down $0.14 on Friday, reaching $11.04. 297,769 shares of the company traded hands, compared to its average volume of 183,673. The company’s 50 day moving average is $12.33 and its 200-day moving average is $12.61. Nuveen Real Asset Income and Growth Fund has a fifty-two week low of $10.99 and a fifty-two week high of $14.37.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1335 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.5%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in Nuveen Real Asset Income and Growth Fund by 108.4% during the 2nd quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock worth $735,000 after buying an additional 29,498 shares during the period. IMC Chicago LLC acquired a new position in shares of Nuveen Real Asset Income and Growth Fund in the second quarter worth about $213,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 140.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock worth $54,000 after buying an additional 2,454 shares during the period. CoreCap Advisors LLC increased its position in shares of Nuveen Real Asset Income and Growth Fund by 319.6% in 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 in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 56,309 shares in the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile

(Get Free Report)

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company advised by Nuveen Fund Advisors. The fund seeks to provide a high level of current income and long-term total return by investing primarily in securities associated with real assets.

Its portfolio may include infrastructure companies, real estate investment trusts, utilities, energy-related businesses, and other issuers whose assets or operations are linked to tangible resources.

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