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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) 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

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.