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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 121,100 shares, a growth of 165.5% from the April 30th total of 45,609 shares. Based on an average daily volume of 157,264 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

Several hedge funds have recently added to or reduced their stakes in JRI. Garner Asset Management Corp bought a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter worth $62,000. Kestra Advisory Services LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth about $95,000. US Bancorp DE bought a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 3rd quarter worth about $109,000. Global Retirement Partners LLC bought a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth about $118,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Nuveen Real Asset Income and Growth Fund in the 3rd quarter valued at about $147,000.

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Nuveen Real Asset Income and Growth Fund Trading Down 0.6%

Nuveen Real Asset Income and Growth Fund stock traded down $0.08 during midday trading on Monday, reaching $12.84. 53,982 shares of the company’s stock were exchanged, compared to its average volume of 211,621. Nuveen Real Asset Income and Growth Fund has a 52 week low of $11.67 and a 52 week high of $14.37. The stock’s 50-day simple moving average is $12.72 and its 200 day simple moving average is $13.13.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, May 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

(Get Free Report)

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.

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