Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Update

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 103,900 shares, a drop of 25.3% from the July 31st total of 139,100 shares. Based on an average daily volume of 150,100 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of NYSE:JRI traded up $0.19 during trading on Friday, reaching $12.98. 100,592 shares of the company were exchanged, compared to its average volume of 104,759. Nuveen Real Asset Income and Growth Fund has a 12-month low of $9.70 and a 12-month high of $13.00. The business’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $11.87.

Nuveen Real Asset Income and Growth Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.133 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.60 annualized dividend and a dividend yield of 12.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at approximately $73,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Nuveen Real Asset Income and Growth Fund by 13.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 11,569 shares of the company’s stock worth $137,000 after buying an additional 1,363 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Nuveen Real Asset Income and Growth Fund by 12.0% during the first quarter. Park Avenue Securities LLC now owns 13,971 shares of the company’s stock worth $166,000 after acquiring an additional 1,499 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Nuveen Real Asset Income and Growth Fund by 6.3% in the first quarter. Oppenheimer & Co. Inc. now owns 17,050 shares of the company’s stock valued at $202,000 after acquiring an additional 1,017 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Nuveen Real Asset Income and Growth Fund by 150.5% in the first quarter. Blue Bell Private Wealth Management LLC now owns 26,549 shares of the company’s stock valued at $315,000 after acquiring an additional 15,949 shares during the period.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.