Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Update

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 14,500 shares, a drop of 28.2% from the August 15th total of 20,200 shares. Based on an average daily volume of 85,000 shares, the days-to-cover ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its stake in Nuveen Real Estate Income Fund by 8.8% in the second quarter. Morgan Stanley now owns 1,010,614 shares of the company’s stock worth $11,208,000 after acquiring an additional 81,429 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Nuveen Real Estate Income Fund by 103.5% in the second quarter. Commonwealth Equity Services LLC now owns 317,314 shares of the company’s stock worth $3,519,000 after acquiring an additional 161,356 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Nuveen Real Estate Income Fund by 6.6% in the second quarter. Baird Financial Group Inc. now owns 218,261 shares of the company’s stock worth $2,421,000 after acquiring an additional 13,466 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Nuveen Real Estate Income Fund by 10.9% in the second quarter. Advisors Asset Management Inc. now owns 204,380 shares of the company’s stock worth $2,267,000 after acquiring an additional 20,070 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new position in Nuveen Real Estate Income Fund in the first quarter worth approximately $1,940,000.

Shares of NYSE JRS traded down $0.13 during midday trading on Monday, hitting $10.93. The company’s stock had a trading volume of 119,349 shares, compared to its average volume of 99,630. The business’s fifty day simple moving average is $11.39 and its two-hundred day simple moving average is $10.69. Nuveen Real Estate Income Fund has a 1 year low of $7.14 and a 1 year high of $11.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Tuesday, September 14th.

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.

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