Nuveen Real Estate Income Fund (NYSE:JRS) Shares Shorted: Short Interest Down 94.0% in September

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,240 shares, a decrease of 94.0% from the September 15th total of 20,637 shares. Based on an average daily volume of 69,113 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in Nuveen Real Estate Income Fund in the 2nd quarter worth approximately $51,000. Susquehanna International Group LLP bought a new stake in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $86,000. Readystate Asset Management LP acquired a new stake in shares of Nuveen Real Estate Income Fund during the first quarter worth $79,000. Kestra Advisory Services LLC lifted its holdings in Nuveen Real Estate Income Fund by 16.2% in the first quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock worth $252,000 after acquiring an additional 4,707 shares during the last quarter. Finally, World Investment Advisors acquired a new position in Nuveen Real Estate Income Fund during the 4th quarter valued at approximately $333,000.

Nuveen Real Estate Income Fund Trading Up 1.0%

Shares of JRS stock traded up $0.07 during trading hours on Friday, hitting $7.28. 35,386 shares of the company were exchanged, compared to its average volume of 71,811. Nuveen Real Estate Income Fund has a 1 year low of $7.12 and a 1 year high of $8.90. The firm has a fifty day moving average of $8.02 and a 200 day moving average of $8.14.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Tuesday, September 15th.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with high current income and long-term capital appreciation. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA.

JRS invests primarily in income-producing real estate securities, including common and preferred stocks, debt securities, and other securities issued by real estate investment trusts (REITs) and real estate-related companies. Its portfolio may include companies involved in property ownership, development, management, and financing.

The fund may invest in real estate markets in the United States and other countries, providing exposure to multiple property sectors and geographic regions.