Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Expands By 157.5%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 130,300 shares, an increase of 157.5% from the January 31st total of 50,600 shares. Based on an average trading volume of 132,100 shares, the short-interest ratio is currently 1.0 days.

Nuveen Real Asset Income and Growth Fund Stock Up 2.0 %

Shares of NYSE:JRI traded up $0.25 during midday trading on Friday, reaching $13.02. The company’s stock had a trading volume of 142,856 shares, compared to its average volume of 126,379. The firm has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $12.92. Nuveen Real Asset Income and Growth Fund has a fifty-two week low of $10.84 and a fifty-two week high of $13.72.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1335 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in Nuveen Real Asset Income and Growth Fund in the third quarter worth $10,421,000. Wells Fargo & Company MN grew its stake in shares of Nuveen Real Asset Income and Growth Fund by 27.2% in the 4th quarter. Wells Fargo & Company MN now owns 331,783 shares of the company’s stock valued at $4,025,000 after buying an additional 70,873 shares during the period. Raymond James Financial Inc. bought a new stake in Nuveen Real Asset Income and Growth Fund in the 4th quarter valued at about $3,013,000. Kovitz Investment Group Partners LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the 3rd quarter worth approximately $3,055,000. Finally, LPL Financial LLC boosted its holdings in Nuveen Real Asset Income and Growth Fund by 6.2% in the fourth quarter. LPL Financial LLC now owns 159,126 shares of the company’s stock worth $1,930,000 after acquiring an additional 9,349 shares in the last quarter.

About Nuveen Real Asset Income and Growth Fund

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.