Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Decreases By 11.4%

by · The Cerbat Gem

Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 90,600 shares, a drop of 11.4% from the September 30th total of 102,200 shares. Based on an average daily volume of 140,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Shaker Financial Services LLC purchased a new position in Nuveen Real Asset Income and Growth Fund in the third quarter worth $665,000. Chicago Partners Investment Group LLC increased its holdings in shares of Nuveen Real Asset Income and Growth Fund by 3.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 35,908 shares of the company’s stock valued at $469,000 after purchasing an additional 1,321 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Nuveen Real Asset Income and Growth Fund by 12.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 24,174 shares of the company’s stock valued at $330,000 after purchasing an additional 2,620 shares in the last quarter. Consolidated Portfolio Review Corp lifted its stake in shares of Nuveen Real Asset Income and Growth Fund by 2.3% in the third quarter. Consolidated Portfolio Review Corp now owns 138,069 shares of the company’s stock valued at $1,887,000 after purchasing an additional 3,131 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 1,267.0% during the third quarter. International Assets Investment Management LLC now owns 2,734 shares of the company’s stock worth $37,000 after buying an additional 2,534 shares in the last quarter.

Nuveen Real Asset Income and Growth Fund Stock Performance

NYSE:JRI traded up $0.03 during midday trading on Thursday, reaching $13.08. The stock had a trading volume of 150,013 shares, compared to its average volume of 112,397. The firm has a fifty day simple moving average of $13.17 and a two-hundred day simple moving average of $12.39. Nuveen Real Asset Income and Growth Fund has a 12-month low of $9.85 and a 12-month high of $13.72.

Nuveen Real Asset Income and Growth Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.133 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.20%. The ex-dividend date of this dividend is Tuesday, October 15th.

Nuveen Real Asset Income and Growth Fund Company Profile

(Get Free Report)

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.

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