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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 72,902 shares, a growth of 82.8% from the June 30th total of 39,887 shares. Based on an average daily volume of 110,107 shares, the short-interest ratio is presently 0.7 days.

Nuveen Real Asset Income and Growth Fund Trading Up 0.9%

Shares of NYSE JRI traded up $0.12 during midday trading on Thursday, hitting $12.88. The company’s stock had a trading volume of 60,272 shares, compared to its average volume of 188,573. The business’s fifty day simple moving average is $12.86 and its two-hundred day simple moving average is $12.91. Nuveen Real Asset Income and Growth Fund has a 1 year low of $11.67 and a 1 year high of $14.37.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.1335 dividend. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Several institutional investors have recently modified their holdings of JRI. CoreCap Advisors LLC raised its stake in shares of Nuveen Real Asset Income and Growth Fund by 319.6% in the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock valued at $896,000 after acquiring an additional 52,675 shares in the last quarter. Bank of America Corp DE grew its stake in 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 purchasing an additional 56,309 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Nuveen Real Asset Income and Growth Fund during the 1st quarter worth about $354,000. Sanctuary Advisors LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the 1st quarter worth about $128,000. Finally, Calamos Advisors LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the 1st quarter worth about $149,000.

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.