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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 69,001 shares, a decline of 43.0% from the May 14th total of 121,100 shares. Based on an average daily volume of 134,456 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

Several institutional investors have recently modified their holdings of JRI. Absolute Investment Advisers LLC purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 1st quarter worth approximately $7,205,000. Sterneck Capital Management LLC purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 1st quarter worth approximately $1,172,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth approximately $883,000. Bank of America Corp DE boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 182.1% during the 1st quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 56,309 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 241.3% during the 1st quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock worth $832,000 after acquiring an additional 45,443 shares in the last quarter.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of NYSE:JRI opened at $12.84 on Friday. The business’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.08. Nuveen Real Asset Income and Growth Fund has a 12 month low of $11.67 and a 12 month high of $14.37.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.1335 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 12.5%.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.