Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Down 35.4% in July

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 32,465 shares, a decrease of 35.4% from the June 30th total of 50,291 shares. Based on an average daily volume of 77,895 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Nuveen Real Estate Income Fund during the 4th quarter worth approximately $36,000. Harbour Investments Inc. boosted its position in shares of Nuveen Real Estate Income Fund by 224.2% in the fourth quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock worth $64,000 after buying an additional 5,795 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 41.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund during the first quarter valued at $79,000. Finally, Kanen Wealth Management LLC acquired a new position in Nuveen Real Estate Income Fund during the third quarter valued at $97,000.

Nuveen Real Estate Income Fund Trading Down 0.5%

Shares of NYSE:JRS traded down $0.04 during midday trading on Friday, reaching $8.61. The company had a trading volume of 27,160 shares, compared to its average volume of 77,102. The company has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.09. Nuveen Real Estate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.90.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.8%. This is an increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 15th.

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.