Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Drops By 34.3%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 42,233 shares, a decline of 34.3% from the July 30th total of 64,271 shares. Based on an average daily volume of 153,867 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds have recently modified their holdings of the stock. Absolute Investment Advisers LLC bought 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 bought a new position in shares of Nuveen Real Asset Income and Growth Fund in the first quarter valued at about $1,172,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth about $883,000. Bank of America Corp DE boosted its holdings 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 buying an additional 56,309 shares during the period. Finally, CoreCap Advisors LLC grew its stake in Nuveen Real Asset Income and Growth Fund by 319.6% in the 2nd quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock valued at $896,000 after buying an additional 52,675 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Trading Down 0.2%

JRI traded down $0.02 during trading on Tuesday, hitting $12.16. The company had a trading volume of 191,668 shares, compared to its average volume of 182,426. Nuveen Real Asset Income and Growth Fund has a one year low of $11.67 and a one year high of $14.37. The firm’s 50-day moving average price is $12.77 and its 200 day moving average price is $12.78.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Nuveen Real Asset Income and Growth Fund Company Profile

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.