Short Interest in Nuveen Real Estate Income Fund (NYSE:JRS) Decreases By 35.4%

Nuveen Real Estate Income Fund (NYSE:JRS) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 32,465 shares, a decrease of 35.4% from the June 30th total of 50,291 shares. Based on an average daily volume of 77,895 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Nuveen Real Estate Income Fund in the fourth quarter valued at $36,000. Harbour Investments Inc. raised its position in Nuveen Real Estate Income Fund by 224.2% in the 4th quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock valued at $64,000 after purchasing an additional 5,795 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Nuveen Real Estate Income Fund by 41.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after purchasing an additional 2,500 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at about $79,000. Finally, Kanen Wealth Management LLC purchased a new position in shares of Nuveen Real Estate Income Fund in the 3rd quarter valued at about $97,000.

Nuveen Real Estate Income Fund Stock Performance

Shares of NYSE:JRS traded down $0.04 during mid-day trading on Friday, reaching $8.61. 23,419 shares of the company were exchanged, compared to its average volume of 77,074. Nuveen Real Estate Income Fund has a 1 year low of $7.12 and a 1 year high of $8.90. The firm’s 50-day simple moving average is $8.43 and its 200 day simple moving average is $8.09.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.19 per share. This is an increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Monday, June 15th.

About Nuveen Real Estate Income Fund

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.