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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 69,001 shares, a decrease of 43.0% from the May 14th total of 121,100 shares. Based on an average daily volume of 134,456 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

A number of large investors have recently made changes to their positions in the business. Absolute Investment Advisers LLC acquired a new position in Nuveen Real Asset Income and Growth Fund in the first quarter worth approximately $7,205,000. Sterneck Capital Management LLC acquired a new position in Nuveen Real Asset Income and Growth Fund in the first quarter worth approximately $1,172,000. Closed End Fund Advisors Inc. acquired a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter worth approximately $883,000. Bank of America Corp DE increased its holdings in Nuveen Real Asset Income and Growth Fund by 182.1% in the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after buying an additional 56,309 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Nuveen Real Asset Income and Growth Fund by 241.3% in the first quarter. Royal Bank of Canada now owns 64,277 shares of the company’s stock worth $832,000 after buying an additional 45,443 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of JRI traded up $0.04 during trading hours on Tuesday, reaching $12.82. The company’s stock had a trading volume of 76,511 shares, compared to its average volume of 206,933. Nuveen Real Asset Income and Growth Fund has a 1-year low of $11.67 and a 1-year high of $14.37. The company has a 50 day moving average of $12.87 and a two-hundred day moving average of $13.07.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.1335 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.