Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Large Increase in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 48,785 shares, a growth of 121.5% from the August 31st total of 22,029 shares. Based on an average daily volume of 186,923 shares, the short-interest ratio is currently 0.3 days.

Nuveen Real Asset Income and Growth Fund Stock Down 1.9%

Nuveen Real Asset Income and Growth Fund stock traded down $0.21 during trading on Monday, hitting $10.81. The company had a trading volume of 327,356 shares, compared to its average volume of 184,450. Nuveen Real Asset Income and Growth Fund has a 1-year low of $10.77 and a 1-year high of $14.37. The company’s 50 day simple moving average is $12.33 and its 200-day simple moving average is $12.61.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1335 per share. This represents a $1.60 annualized dividend and a dividend yield of 14.8%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Real Asset Income and Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Absolute Investment Advisers LLC purchased a new position in Nuveen Real Asset Income and Growth Fund during the 1st quarter valued at about $7,205,000. Private Advisor Group LLC increased its stake in Nuveen Real Asset Income and Growth Fund by 1.3% during the first quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock worth $1,721,000 after purchasing an additional 1,750 shares during the period. Sterneck Capital Management LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the first quarter worth about $1,172,000. Chicago Partners Investment Group LLC lifted its position in shares of Nuveen Real Asset Income and Growth Fund by 12.1% during the first quarter. Chicago Partners Investment Group LLC now owns 93,073 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,066 shares in the last quarter. Finally, Bank of America Corp DE boosted 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 valued at $1,073,000 after purchasing an additional 56,309 shares during the period.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company advised by Nuveen Fund Advisors. The fund seeks to provide a high level of current income and long-term total return by investing primarily in securities associated with real assets.

Its portfolio may include infrastructure companies, real estate investment trusts, utilities, energy-related businesses, and other issuers whose assets or operations are linked to tangible resources.