Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 41.6%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 15,000 shares, a drop of 41.6% from the March 15th total of 25,700 shares. Based on an average trading volume of 77,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of Nuveen Real Estate Income Fund by 1.0% in the fourth quarter. Invesco Ltd. now owns 142,367 shares of the company’s stock worth $1,229,000 after purchasing an additional 1,372 shares during the period. Mutual Advisors LLC grew its holdings in Nuveen Real Estate Income Fund by 4.3% in the 4th quarter. Mutual Advisors LLC now owns 84,713 shares of the company’s stock valued at $725,000 after buying an additional 3,518 shares during the last quarter. Cetera Investment Advisers increased its position in Nuveen Real Estate Income Fund by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 95,346 shares of the company’s stock worth $823,000 after buying an additional 3,825 shares during the period. Stifel Financial Corp lifted its holdings in shares of Nuveen Real Estate Income Fund by 12.4% during the fourth quarter. Stifel Financial Corp now owns 36,266 shares of the company’s stock worth $313,000 after buying an additional 4,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Nuveen Real Estate Income Fund by 15.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 40,349 shares of the company’s stock valued at $348,000 after acquiring an additional 5,251 shares during the period.

Nuveen Real Estate Income Fund Stock Up 2.3 %

JRS traded up $0.17 on Thursday, hitting $7.68. The company had a trading volume of 37,037 shares, compared to its average volume of 80,318. Nuveen Real Estate Income Fund has a 1-year low of $6.56 and a 1-year high of $9.69. The company’s fifty day moving average price is $8.18 and its 200 day moving average price is $8.65.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 8.85%.

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.