Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Significant Growth in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 162,600 shares, a growth of 73.5% from the February 28th total of 93,700 shares. Based on an average daily trading volume, of 134,600 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Nuveen Real Asset Income and Growth Fund by 151.4% in the 4th quarter. Larson Financial Group LLC now owns 2,675 shares of the company’s stock worth $32,000 after acquiring an additional 1,611 shares during the period. Wolverine Asset Management LLC acquired a new stake in Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at about $96,000. Elequin Capital LP purchased a new stake in Nuveen Real Asset Income and Growth Fund in the 4th quarter valued at approximately $102,000. Worth Asset Management LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the 4th quarter worth approximately $122,000. Finally, HighTower Advisors LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the 3rd quarter worth approximately $140,000.

Nuveen Real Asset Income and Growth Fund Price Performance

NYSE JRI opened at $12.85 on Monday. The business’s 50-day moving average price is $12.80 and its 200 day moving average price is $12.92. Nuveen Real Asset Income and Growth Fund has a 52-week low of $10.84 and a 52-week high of $13.72.

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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1335 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.47%. The ex-dividend date is Friday, March 14th.

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.