Nuveen Real Estate Income Fund (NYSE:JRS) Stock Short Interest Report for October

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,311 shares, an increase of 167.0% from the September 30th total of 1,240 shares. Based on an average daily volume of 79,005 shares, the days-to-cover ratio is presently 0.0 days.

Nuveen Real Estate Income Fund Stock Performance

NYSE JRS opened at $7.43 on Friday. The company’s fifty day moving average is $7.68 and its two-hundred day moving average is $8.02. Nuveen Real Estate Income Fund has a 52-week low of $7.12 and a 52-week high of $8.90.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in shares of Nuveen Real Estate Income Fund by 8.9% during the second quarter. Baird Financial Group Inc. now owns 681,021 shares of the company’s stock valued at $5,741,000 after purchasing an additional 55,642 shares during the period. Kanen Wealth Management LLC raised its stake in shares of Nuveen Real Estate Income Fund by 9.8% in the first quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock valued at $3,939,000 after purchasing an additional 47,108 shares in the last quarter. Cetera Investment Advisers lifted its position in Nuveen Real Estate Income Fund by 18.1% in the first quarter. Cetera Investment Advisers now owns 180,126 shares of the company’s stock worth $1,344,000 after purchasing an additional 27,579 shares during the period. Royal Bank of Canada lifted its position in Nuveen Real Estate Income Fund by 2.5% in the first quarter. Royal Bank of Canada now owns 152,757 shares of the company’s stock worth $1,140,000 after purchasing an additional 3,795 shares during the period. Finally, NWF Advisory Services Inc. lifted its position in Nuveen Real Estate Income Fund by 3.8% in the second quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock worth $503,000 after purchasing an additional 2,200 shares during the period.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, long-term capital appreciation. The fund is managed by Nuveen Fund Advisors, an asset-management subsidiary of TIAA.

The fund invests primarily in securities issued by real estate investment trusts (REITs) and other real estate-related companies. Its portfolio may include common stocks, preferred securities, debt securities and other investments tied to commercial, residential and specialized real estate sectors.

JRS may invest in real estate securities across the United States and, to a lesser extent, international markets.