Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 14.7%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 19,200 shares, a decline of 14.7% from the September 15th total of 22,500 shares. Based on an average daily trading volume, of 91,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after acquiring an additional 1,980 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Nuveen Real Estate Income Fund by 11.7% during the 2nd quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock worth $2,814,000 after buying an additional 38,650 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Nuveen Real Estate Income Fund during the 2nd quarter worth approximately $31,000. Advisors Asset Management Inc. lifted its position in shares of Nuveen Real Estate Income Fund by 11.5% during the 1st quarter. Advisors Asset Management Inc. now owns 829,388 shares of the company’s stock worth $6,552,000 after buying an additional 85,823 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Nuveen Real Estate Income Fund during the 1st quarter worth approximately $87,000.

Nuveen Real Estate Income Fund Price Performance

JRS traded up $0.05 during mid-day trading on Wednesday, hitting $9.04. 64,971 shares of the stock were exchanged, compared to its average volume of 83,772. The firm’s fifty day moving average is $8.87 and its two-hundred day moving average is $8.05. Nuveen Real Estate Income Fund has a 1-year low of $5.95 and a 1-year high of $9.36.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 7.52%.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector.