Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Up 380.0% in October

Nuveen Real Estate Income Fund (NYSE:JRS) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 31,200 shares, an increase of 380.0% from the October 15th total of 6,500 shares. Based on an average daily trading volume, of 94,600 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Real Estate Income Fund Stock Performance

Shares of NYSE:JRS traded down $0.05 during mid-day trading on Tuesday, reaching $9.26. 83,159 shares of the company were exchanged, compared to its average volume of 83,944. Nuveen Real Estate Income Fund has a 1 year low of $6.41 and a 1 year high of $9.45. The firm’s 50-day simple moving average is $9.04 and its 200 day simple moving average is $8.28.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.34%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Pathstone Holdings LLC grew its position in Nuveen Real Estate Income Fund by 40.9% in the 3rd quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after acquiring an additional 179,819 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 11.5% in the first quarter. Advisors Asset Management Inc. now owns 829,388 shares of the company’s stock valued at $6,552,000 after purchasing an additional 85,823 shares during the period. Private Advisor Group LLC grew its holdings in shares of Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after purchasing an additional 38,650 shares in the last quarter. International Assets Investment Management LLC increased its stake in Nuveen Real Estate Income Fund by 838.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after buying an additional 33,462 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in Nuveen Real Estate Income Fund during the 1st quarter worth approximately $87,000.

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.