Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Up 7.1% in September

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 102,200 shares, a growth of 7.1% from the September 15th total of 95,400 shares. Based on an average daily volume of 162,500 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of NYSE:JRI opened at $13.15 on Friday. The stock’s 50-day moving average is $13.10 and its 200 day moving average is $12.29. Nuveen Real Asset Income and Growth Fund has a 1 year low of $9.70 and a 1 year high of $13.72.

Nuveen Real Asset Income and Growth Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.133 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 12.14%.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its position in Nuveen Real Asset Income and Growth Fund by 6.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,050 shares of the company’s stock valued at $202,000 after purchasing an additional 1,017 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Nuveen Real Asset Income and Growth Fund by 13.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 11,569 shares of the company’s stock valued at $137,000 after buying an additional 1,363 shares during the period. Park Avenue Securities LLC raised its stake in Nuveen Real Asset Income and Growth Fund by 12.0% in the first quarter. Park Avenue Securities LLC now owns 13,971 shares of the company’s stock worth $166,000 after buying an additional 1,499 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in Nuveen Real Asset Income and Growth Fund by 21.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 32,199 shares of the company’s stock worth $392,000 after buying an additional 5,650 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Nuveen Real Asset Income and Growth Fund by 9.2% in the first quarter. Private Advisor Group LLC now owns 128,370 shares of the company’s stock worth $1,522,000 after buying an additional 10,793 shares during the period.

Nuveen Real Asset Income and Growth Fund Company Profile

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.