Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Declines By 94.4%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 5,573 shares, a drop of 94.4% from the December 15th total of 100,408 shares. Based on an average daily trading volume, of 125,462 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 125,462 shares, the days-to-cover ratio is presently 0.0 days.

Nuveen Real Estate Income Fund Price Performance

Shares of JRS remained flat at $7.66 during mid-day trading on Tuesday. 65,477 shares of the stock traded hands, compared to its average volume of 127,383. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $7.88. Nuveen Real Estate Income Fund has a one year low of $6.56 and a one year high of $8.92.

Nuveen Real Estate Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.68 annualized dividend and a yield of 8.9%.

Institutional Trading of Nuveen Real Estate Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its holdings in Nuveen Real Estate Income Fund by 60.2% during the third quarter. Citadel Advisors LLC now owns 31,700 shares of the company’s stock worth $259,000 after acquiring an additional 11,908 shares in the last quarter. Kanen Wealth Management LLC bought a new position in shares of Nuveen Real Estate Income Fund in the 3rd quarter valued at about $97,000. Pathstone Holdings LLC increased its stake in shares of Nuveen Real Estate Income Fund by 26.4% during the 3rd quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after purchasing an additional 140,914 shares during the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of Nuveen Real Estate Income Fund by 11.8% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 55,303 shares of the company’s stock valued at $452,000 after purchasing an additional 5,820 shares during the period. Finally, Cornerstone Advisors LLC grew its holdings in Nuveen Real Estate Income Fund by 256.6% during the third quarter. Cornerstone Advisors LLC now owns 84,614 shares of the company’s stock worth $692,000 after purchasing an additional 60,884 shares during the period.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.