Nuveen Real Estate Income Fund (NYSE:JRS) Stock Short Interest Falls 94.0%

Nuveen Real Estate Income Fund (NYSE:JRS) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,240 shares, a drop of 94.0% from the September 15th total of 20,637 shares. Based on an average daily trading volume, of 69,113 shares, the days-to-cover ratio is presently 0.0 days.

Nuveen Real Estate Income Fund Price Performance

Shares of JRS traded up $0.07 during mid-day trading on Friday, hitting $7.28. 35,386 shares of the company’s stock traded hands, compared to its average volume of 71,811. The business’s 50-day moving average price is $8.02 and its 200-day moving average price is $8.14. Nuveen Real Estate Income Fund has a 1 year low of $7.12 and a 1 year high of $8.90.

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.19 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.76 annualized dividend and a yield of 10.4%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. NWF Advisory Services Inc. raised its stake in Nuveen Real Estate Income Fund by 3.8% in the second quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock worth $503,000 after buying an additional 2,200 shares in the last quarter. Royal Bank of Canada lifted its holdings in Nuveen Real Estate Income Fund by 2.5% in the first quarter. Royal Bank of Canada now owns 152,757 shares of the company’s stock worth $1,140,000 after buying an additional 3,795 shares during the period. Kestra Advisory Services LLC boosted its position in Nuveen Real Estate Income Fund by 16.2% during the 1st quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock valued at $252,000 after acquiring an additional 4,707 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at approximately $51,000. Finally, Susquehanna International Group LLP bought a new stake in Nuveen Real Estate Income Fund during the 2nd quarter valued at approximately $86,000.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with high current income and long-term capital appreciation. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA.

JRS invests primarily in income-producing real estate securities, including common and preferred stocks, debt securities, and other securities issued by real estate investment trusts (REITs) and real estate-related companies. Its portfolio may include companies involved in property ownership, development, management, and financing.

The fund may invest in real estate markets in the United States and other countries, providing exposure to multiple property sectors and geographic regions.