Nuveen Real Estate Income Fund (NYSE:JRS) Sees Significant Decrease in Short Interest

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,573 shares, a drop of 94.4% from the December 15th total of 100,408 shares. Based on an average trading volume of 125,462 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 125,462 shares, the short-interest ratio is currently 0.0 days.

Nuveen Real Estate Income Fund Trading Up 0.3%

Shares of JRS traded up $0.02 during mid-day trading on Monday, reaching $7.66. The company’s stock had a trading volume of 94,243 shares, compared to its average volume of 137,149. Nuveen Real Estate Income Fund has a 52 week low of $6.56 and a 52 week high of $8.92. The company’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $7.88.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.68 annualized dividend and a yield of 8.9%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JRS. Pathstone Holdings LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 26.4% in the 3rd quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock valued at $5,520,000 after acquiring an additional 140,914 shares during the last quarter. Baird Financial Group Inc. increased its stake in Nuveen Real Estate Income Fund by 6.4% in the 2nd quarter. Baird Financial Group Inc. now owns 510,390 shares of the company’s stock worth $3,971,000 after purchasing an additional 30,790 shares during the period. Wolverine Asset Management LLC bought a new stake in Nuveen Real Estate Income Fund in the second quarter valued at approximately $2,497,000. Ameriprise Financial Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 23.6% during the second quarter. Ameriprise Financial Inc. now owns 128,799 shares of the company’s stock valued at $1,002,000 after purchasing an additional 24,599 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Nuveen Real Estate Income Fund by 6.3% in the first quarter. Royal Bank of Canada now owns 123,958 shares of the company’s stock worth $1,021,000 after purchasing an additional 7,381 shares during the last quarter.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.