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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 58,246 shares, an increase of 220.8% from the October 15th total of 18,154 shares. Based on an average daily volume of 197,380 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of NYSE JRI traded down $0.28 during trading hours on Friday, hitting $11.28. 149,726 shares of the company traded hands, compared to its average volume of 187,521. The company’s 50 day moving average price is $11.19 and its 200 day moving average price is $12.39. Nuveen Real Asset Income and Growth Fund has a 12 month low of $10.31 and a 12 month high of $13.92.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.1335 per share. The ex-dividend date is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a yield of 14.2%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the 1st quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 56,309 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 319.6% during the 2nd quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock valued at $896,000 after purchasing an additional 52,675 shares during the last quarter. Private Advisor Group LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 21.3% during the 3rd quarter. Private Advisor Group LLC now owns 185,599 shares of the company’s stock valued at $1,999,000 after purchasing an additional 32,535 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 108.4% during the 2nd quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock valued at $735,000 after purchasing an additional 29,498 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Nuveen Real Asset Income and Growth Fund in the 1st quarter worth about $354,000.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a closed-end management investment company designed to provide investors with high current income and the opportunity for capital appreciation. The fund is managed by Nuveen Asset Management, an investment management firm and subsidiary of TIAA. JRI invests primarily in securities issued by companies involved in real asset industries, including infrastructure, real estate, utilities, energy and related sectors. Its portfolio may include common stocks, preferred securities, income-producing debt instruments and investments in real estate investment trusts and infrastructure companies.