Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Large Increase in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 48,785 shares, a growth of 121.5% from the August 31st total of 22,029 shares. Based on an average trading volume of 186,923 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of NYSE JRI traded down $0.04 during trading on Tuesday, hitting $10.73. 153,776 shares of the company were exchanged, compared to its average volume of 184,261. Nuveen Real Asset Income and Growth Fund has a 1 year low of $10.70 and a 1 year high of $14.37. The firm’s fifty day moving average price is $12.29 and its 200 day moving average price is $12.60.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 14.9%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the first quarter worth $7,205,000. Private Advisor Group LLC increased its position in shares of Nuveen Real Asset Income and Growth Fund by 1.3% in the first quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock valued at $1,721,000 after buying an additional 1,750 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Nuveen Real Asset Income and Growth Fund by 12.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 93,073 shares of the company’s stock worth $1,210,000 after buying an additional 10,066 shares during the last quarter. Sterneck Capital Management LLC purchased a new stake in shares of Nuveen Real Asset Income and Growth Fund in the 1st quarter worth about $1,172,000. Finally, Bank of America Corp DE boosted its position in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the 1st 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 in the last quarter.

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 advised by Nuveen Fund Advisors. The fund seeks to provide a high level of current income and long-term total return by investing primarily in securities associated with real assets.

Its portfolio may include infrastructure companies, real estate investment trusts, utilities, energy-related businesses, and other issuers whose assets or operations are linked to tangible resources.