Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Decreases By 47.8%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 22,029 shares, a decline of 47.8% from the August 15th total of 42,233 shares. Based on an average trading volume of 134,242 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Real Asset Income and Growth Fund Trading Down 2.3%

NYSE JRI traded down $0.28 on Tuesday, hitting $11.69. The company’s stock had a trading volume of 444,101 shares, compared to its average volume of 182,623. The company’s 50-day moving average is $12.59 and its 200 day moving average is $12.70. Nuveen Real Asset Income and Growth Fund has a 1-year low of $11.62 and a 1-year high of $14.37.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.1335 dividend. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JRI. NewEdge Advisors LLC lifted its holdings in Nuveen Real Asset Income and Growth Fund by 108.4% during the 2nd quarter. NewEdge Advisors LLC now owns 56,714 shares of the company’s stock worth $735,000 after buying an additional 29,498 shares during the period. IMC Chicago LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund in the second quarter valued at about $213,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Nuveen Real Asset Income and Growth Fund by 140.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,203 shares of the company’s stock worth $54,000 after acquiring an additional 2,454 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Nuveen Real Asset Income and Growth Fund by 319.6% during the second quarter. CoreCap Advisors LLC now owns 69,156 shares of the company’s stock worth $896,000 after acquiring an additional 52,675 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Nuveen Real Asset Income and Growth Fund by 182.1% in the first quarter. Bank of America Corp DE now owns 87,224 shares of the company’s stock worth $1,073,000 after acquiring an additional 56,309 shares during the period.

Nuveen Real Asset Income and Growth Fund Company Profile

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.