Nuveen Real Estate Income Fund (NYSE:JRS) Sees Large Increase in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 107,800 shares, an increase of 245.5% from the October 31st total of 31,200 shares. Based on an average daily volume of 90,600 shares, the days-to-cover ratio is currently 1.2 days.

Nuveen Real Estate Income Fund Trading Up 1.4 %

Shares of NYSE:JRS traded up $0.13 on Wednesday, hitting $9.68. 17,933 shares of the company’s stock were exchanged, compared to its average volume of 82,206. The firm’s 50-day moving average is $9.08 and its 200 day moving average is $8.42. Nuveen Real Estate Income Fund has a 1-year low of $6.85 and a 1-year high of $9.68.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 7.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JRS. International Assets Investment Management LLC purchased a new position in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nuveen Real Estate Income Fund by 18.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after purchasing an additional 1,980 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Nuveen Real Estate Income Fund in the 3rd quarter valued at approximately $140,000. Stifel Financial Corp lifted its holdings in shares of Nuveen Real Estate Income Fund by 19.8% in the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after buying an additional 5,341 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Nuveen Real Estate Income Fund by 11.7% in the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after buying an additional 38,650 shares during the period.

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.