Brookfield Real Assets Income Fund Inc. (NYSE:RA – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 53,379 shares, a drop of 42.6% from the May 31st total of 92,991 shares. Based on an average trading volume of 131,105 shares, the days-to-cover ratio is currently 0.4 days.
Brookfield Real Assets Income Fund Trading Up 0.0%
NYSE:RA traded up $0.01 during mid-day trading on Wednesday, hitting $12.88. The company had a trading volume of 111,402 shares, compared to its average volume of 182,236. Brookfield Real Assets Income Fund has a fifty-two week low of $12.50 and a fifty-two week high of $13.59. The business’s fifty day moving average is $12.77 and its two-hundred day moving average is $12.93.
Brookfield Real Assets Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.118 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.0%. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,281.82%.
Insider Activity at Brookfield Real Assets Income Fund
Institutional Investors Weigh In On Brookfield Real Assets Income Fund
Several large investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC raised its holdings in Brookfield Real Assets Income Fund by 10.0% in the third quarter. SeaCrest Wealth Management LLC now owns 15,817 shares of the company’s stock worth $214,000 after purchasing an additional 1,433 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Brookfield Real Assets Income Fund by 1.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 116,980 shares of the company’s stock valued at $1,516,000 after buying an additional 1,562 shares in the last quarter. Sterneck Capital Management LLC increased its position in shares of Brookfield Real Assets Income Fund by 7.7% in the 1st quarter. Sterneck Capital Management LLC now owns 32,181 shares of the company’s stock valued at $414,000 after buying an additional 2,295 shares in the last quarter. Arlington Capital Management Inc. raised its stake in Brookfield Real Assets Income Fund by 3.4% during the 1st quarter. Arlington Capital Management Inc. now owns 72,645 shares of the company’s stock worth $934,000 after buying an additional 2,377 shares during the period. Finally, Merit Financial Group LLC raised its stake in Brookfield Real Assets Income Fund by 24.6% during the 4th quarter. Merit Financial Group LLC now owns 13,070 shares of the company’s stock worth $169,000 after buying an additional 2,580 shares during the period.
Brookfield Real Assets Income Fund Company Profile
Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.
The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.
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