Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Drops By 58.2%

Nuveen Real Estate Income Fund (NYSE:JRS) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 15,200 shares, a decline of 58.2% from the January 31st total of 36,400 shares. Based on an average daily volume of 72,800 shares, the short-interest ratio is presently 0.2 days.

Nuveen Real Estate Income Fund Stock Performance

Shares of NYSE JRS traded up $0.12 during mid-day trading on Friday, reaching $8.83. 76,195 shares of the company’s stock were exchanged, compared to its average volume of 72,279. The company’s 50-day moving average is $8.58 and its 200-day moving average is $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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.70%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in Nuveen Real Estate Income Fund in the 4th quarter valued at $52,000. Bay Capital Advisors LLC purchased a new stake in shares of Nuveen Real Estate Income Fund in the fourth quarter valued at $120,000. Citadel Advisors LLC purchased a new stake in shares of Nuveen Real Estate Income Fund during the fourth quarter worth about $128,000. MML Investors Services LLC acquired a new position in Nuveen Real Estate Income Fund in the 3rd quarter valued at $140,000. Finally, Mariner LLC purchased a new position in Nuveen Real Estate Income Fund during the fourth quarter worth about $149,000.

Nuveen Real Estate Income Fund Company Profile

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.