Nuveen Real Estate Income Fund (NYSE:JRS) Stock Short Interest Drops 94.0%

Nuveen Real Estate Income Fund (NYSE:JRS) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,240 shares, a decrease of 94.0% from the September 15th total of 20,637 shares. Based on an average trading volume of 69,113 shares, the short-interest ratio is presently 0.0 days.

Nuveen Real Estate Income Fund Stock Up 1.0%

Shares of JRS traded up $0.07 during midday trading on Friday, reaching $7.28. The company had a trading volume of 35,386 shares, compared to its average volume of 71,811. Nuveen Real Estate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.90. The firm has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $8.14.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.19 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 10.4%.

Institutional Trading of Nuveen Real Estate Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of JRS. Baird Financial Group Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 8.9% during the second quarter. Baird Financial Group Inc. now owns 681,021 shares of the company’s stock worth $5,741,000 after buying an additional 55,642 shares during the period. Readystate Asset Management LP increased its stake in Nuveen Real Estate Income Fund by 160.2% in the 2nd quarter. Readystate Asset Management LP now owns 27,393 shares of the company’s stock valued at $231,000 after purchasing an additional 16,866 shares in the last quarter. NWF Advisory Services Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 3.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock worth $503,000 after buying an additional 2,200 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Nuveen Real Estate Income Fund during the second quarter worth about $86,000. Finally, Bank of America Corp DE purchased a new stake in Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $395,000.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with high current income and long-term capital appreciation. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA.

JRS invests primarily in income-producing real estate securities, including common and preferred stocks, debt securities, and other securities issued by real estate investment trusts (REITs) and real estate-related companies. Its portfolio may include companies involved in property ownership, development, management, and financing.

The fund may invest in real estate markets in the United States and other countries, providing exposure to multiple property sectors and geographic regions.