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

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 97,300 shares, a decrease of 6.4% from the August 15th total of 103,900 shares. Based on an average trading volume of 156,500 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen Real Asset Income and Growth Fund

A number of institutional investors and hedge funds have recently made changes to their positions in JRI. Oppenheimer & Co. Inc. increased its position in Nuveen Real Asset Income and Growth Fund by 6.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,050 shares of the company’s stock worth $202,000 after purchasing an additional 1,017 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Nuveen Real Asset Income and Growth Fund by 13.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 11,569 shares of the company’s stock worth $137,000 after acquiring an additional 1,363 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Nuveen Real Asset Income and Growth Fund by 12.0% in the 1st quarter. Park Avenue Securities LLC now owns 13,971 shares of the company’s stock valued at $166,000 after acquiring an additional 1,499 shares during the period. Relative Value Partners Group LLC lifted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 1.0% during the 4th quarter. Relative Value Partners Group LLC now owns 494,762 shares of the company’s stock valued at $5,799,000 after acquiring an additional 4,691 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in Nuveen Real Asset Income and Growth Fund by 21.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 32,199 shares of the company’s stock worth $392,000 after purchasing an additional 5,650 shares during the period.

Nuveen Real Asset Income and Growth Fund Trading Down 0.3 %

Shares of JRI stock opened at $13.40 on Friday. The firm’s 50-day simple moving average is $12.78 and its 200-day simple moving average is $12.05. Nuveen Real Asset Income and Growth Fund has a 1-year low of $9.70 and a 1-year high of $13.53.

Nuveen Real Asset Income and Growth Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Nuveen Real Asset Income and Growth Fund’s previous monthly dividend of $0.13. This represents a $1.60 annualized dividend and a dividend yield of 11.96%.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.