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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 121,100 shares, a growth of 165.5% from the April 30th total of 45,609 shares. Based on an average trading volume of 157,264 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC grew its position in Nuveen Real Asset Income and Growth Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 754,104 shares of the company’s stock valued at $10,745,000 after acquiring an additional 2,130 shares during the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund during the first quarter valued at approximately $7,205,000. Wells Fargo & Company MN boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 11.4% during the fourth quarter. Wells Fargo & Company MN now owns 263,910 shares of the company’s stock valued at $3,592,000 after purchasing an additional 26,929 shares during the period. LPL Financial LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 2.5% during the fourth quarter. LPL Financial LLC now owns 223,359 shares of the company’s stock valued at $3,040,000 after purchasing an additional 5,529 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 15.9% during the fourth quarter. Guggenheim Capital LLC now owns 218,563 shares of the company’s stock valued at $2,975,000 after purchasing an additional 29,953 shares during the period.

Nuveen Real Asset Income and Growth Fund Stock Up 0.4%

NYSE JRI traded up $0.05 on Friday, reaching $12.91. 121,806 shares of the company’s stock traded hands, compared to its average volume of 213,264. Nuveen Real Asset Income and Growth Fund has a 12 month low of $11.67 and a 12 month high of $14.37. The stock has a 50-day simple moving average of $12.72 and a 200 day simple moving average of $13.14.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.1335 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Friday, May 15th.

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.