Nuveen Real Estate Income Fund (NYSE:JRS) Stock Short Interest Climbs 319.6%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 13,894 shares, an increase of 319.6% from the October 15th total of 3,311 shares. Based on an average trading volume of 66,206 shares, the short-interest ratio is presently 0.2 days.

Nuveen Real Estate Income Fund Stock Down 0.2%

Nuveen Real Estate Income Fund stock opened at $7.76 on Thursday. The stock has a 50 day moving average of $7.56 and a two-hundred day moving average of $8.02. Nuveen Real Estate Income Fund has a twelve month low of $7.12 and a twelve month high of $8.90.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently modified their holdings of the stock. NWF Advisory Services Inc. lifted its holdings in shares of Nuveen Real Estate Income Fund by 3.8% during the second quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock worth $503,000 after purchasing an additional 2,200 shares during the period. Royal Bank of Canada grew its position in Nuveen Real Estate Income Fund by 2.5% in the 1st quarter. Royal Bank of Canada now owns 152,757 shares of the company’s stock valued at $1,140,000 after buying an additional 3,795 shares during the last quarter. Private Advisor Group LLC increased its stake in Nuveen Real Estate Income Fund by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 413,308 shares of the company’s stock valued at $3,050,000 after buying an additional 4,264 shares during the period. Kestra Advisory Services LLC increased its stake in Nuveen Real Estate Income Fund by 16.2% in the 1st quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock valued at $252,000 after buying an additional 4,707 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Nuveen Real Estate Income Fund in the 2nd quarter valued at $51,000.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, long-term capital appreciation. The fund is managed by Nuveen Fund Advisors, an asset-management subsidiary of TIAA. The fund invests primarily in securities issued by real estate investment trusts (REITs) and other real estate-related companies. Its portfolio may include common stocks, preferred securities, debt securities and other investments tied to commercial, residential and specialized real estate sectors.