Nuveen Real Estate Income Fund (NYSE:JRS) Short Interest Up 15.9% in November

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 124,900 shares, a growth of 15.9% from the November 15th total of 107,800 shares. Based on an average daily volume of 84,200 shares, the short-interest ratio is currently 1.5 days.

Nuveen Real Estate Income Fund Stock Down 0.7 %

JRS stock opened at $8.92 on Tuesday. The business has a 50 day moving average of $9.15 and a 200 day moving average of $8.60. Nuveen Real Estate Income Fund has a twelve month low of $7.10 and a twelve month high of $9.69.

Nuveen Real Estate Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 7.62%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently modified their holdings of the stock. Stifel Financial Corp increased its stake in Nuveen Real Estate Income Fund by 19.8% during the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after purchasing an additional 5,341 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of Nuveen Real Estate Income Fund during the third quarter valued at approximately $140,000. Pathstone Holdings LLC increased its position in shares of Nuveen Real Estate Income Fund by 40.9% during the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after acquiring an additional 179,819 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Nuveen Real Estate Income Fund by 838.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after acquiring an additional 33,462 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Nuveen Real Estate Income Fund by 18.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock valued at $99,000 after acquiring an additional 1,980 shares in the last quarter.

About Nuveen Real Estate Income Fund

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.