Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Declines By 28.1%

Nuveen Real Asset Income and Growth Fund (NYSE:JRIGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 93,700 shares, a drop of 28.1% from the February 13th total of 130,300 shares. Based on an average trading volume of 139,800 shares, the short-interest ratio is currently 0.7 days.

Nuveen Real Asset Income and Growth Fund Trading Up 1.2 %

Shares of Nuveen Real Asset Income and Growth Fund stock traded up $0.15 on Monday, hitting $12.98. 70,738 shares of the company’s stock were exchanged, compared to its average volume of 128,190. Nuveen Real Asset Income and Growth Fund has a 1 year low of $10.84 and a 1 year high of $13.72. The company has a 50-day simple moving average of $12.66 and a 200-day simple moving average of $12.93.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1335 per share. This represents a $1.60 annualized dividend and a yield of 12.34%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

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

About Nuveen Real Asset Income and Growth Fund

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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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