Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Update

Nuveen Real Estate Income Fund (NYSE:JRS) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 26,100 shares, a growth of 71.7% from the February 13th total of 15,200 shares. Based on an average trading volume of 77,300 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Real Estate Income Fund Stock Down 1.8 %

Shares of JRS stock opened at $8.10 on Monday. The stock has a fifty day moving average of $8.57 and a 200 day moving average of $8.87. Nuveen Real Estate Income Fund has a 52 week low of $7.10 and a 52 week high of $9.69.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Nuveen Real Estate Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JRS. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Nuveen Real Estate Income Fund in the fourth quarter worth $2,519,000. Pathstone Holdings LLC raised its holdings in Nuveen Real Estate Income Fund by 40.9% in the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after purchasing an additional 179,819 shares in the last quarter. Advisory Services Network LLC bought a new position in Nuveen Real Estate Income Fund in the fourth quarter worth $709,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Nuveen Real Estate Income Fund in the fourth quarter worth $615,000. Finally, Raymond James Financial Inc. bought a new position in Nuveen Real Estate Income Fund in the fourth quarter worth $438,000.

About Nuveen Real Estate Income Fund

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.