Nuveen Real Estate Income Fund (NYSE:JRS) Shares Shorted: Short Interest Up 167.0% in October

Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,311 shares, an increase of 167.0% from the September 30th total of 1,240 shares. Based on an average daily trading volume, of 79,005 shares, the days-to-cover ratio is currently 0.0 days.

Nuveen Real Estate Income Fund Stock Performance

JRS traded down $0.02 during trading on Friday, reaching $7.43. The stock had a trading volume of 55,571 shares, compared to its average volume of 71,582. Nuveen Real Estate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.90. The stock has a 50 day moving average of $7.70 and a two-hundred day moving average of $8.02.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, September 15th.

Institutional Trading of Nuveen Real Estate Income Fund

Several hedge funds have recently modified their holdings of JRS. Baird Financial Group Inc. lifted its position in shares of Nuveen Real Estate Income Fund by 8.9% during the second quarter. Baird Financial Group Inc. now owns 681,021 shares of the company’s stock worth $5,741,000 after acquiring an additional 55,642 shares in the last quarter. Readystate Asset Management LP increased its holdings in Nuveen Real Estate Income Fund by 160.2% in the 2nd quarter. Readystate Asset Management LP now owns 27,393 shares of the company’s stock worth $231,000 after acquiring an additional 16,866 shares in the last quarter. NWF Advisory Services Inc. lifted its stake in Nuveen Real Estate Income Fund by 3.8% in the 2nd 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 in the last quarter. Susquehanna International Group LLP purchased a new stake in Nuveen Real Estate Income Fund in the 2nd quarter worth about $86,000. Finally, Bank of America Corp DE purchased a new stake in Nuveen Real Estate Income Fund in the second quarter worth about $395,000.

Nuveen Real Estate Income Fund Company Profile

(Get Free Report)

Nuveen Real Estate Income Fund (NYSE:JRS) is a closed-end investment fund that seeks to provide a high level of current income along with the potential for capital appreciation. The fund invests primarily in income-producing securities issued by real estate companies, including real estate investment trusts (REITs), real estate operating companies and related businesses.

JRS may hold a combination of common stocks, preferred securities and debt instruments, giving investors exposure to multiple segments of the real estate industry.

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