Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Down 41.0% in June

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 39,887 shares, a decline of 41.0% from the June 15th total of 67,648 shares. Based on an average daily volume of 125,429 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Real Asset Income and Growth Fund Stock Down 0.3%

NYSE JRI traded down $0.04 during mid-day trading on Friday, hitting $12.96. The stock had a trading volume of 284,704 shares, compared to its average volume of 194,662. The firm’s 50 day moving average is $12.85 and its 200 day moving average is $12.96. Nuveen Real Asset Income and Growth Fund has a twelve month low of $11.67 and a twelve month high of $14.37.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

Several hedge funds and other institutional investors have recently modified their holdings of JRI. Private Advisor Group LLC boosted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 1.3% during the 1st 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 last quarter. Absolute Investment Advisers LLC purchased a new position in Nuveen Real Asset Income and Growth Fund during the first quarter worth approximately $7,205,000. Patriot Financial Group Insurance Agency LLC lifted its position in Nuveen Real Asset Income and Growth Fund by 101.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 46,256 shares of the company’s stock worth $569,000 after buying an additional 23,340 shares in the last quarter. Sterneck Capital Management LLC acquired a new position in Nuveen Real Asset Income and Growth Fund during the first quarter worth $1,172,000. Finally, Alteri Wealth LLC boosted its stake in Nuveen Real Asset Income and Growth Fund by 42.2% during the fourth quarter. Alteri Wealth LLC now owns 19,003 shares of the company’s stock worth $259,000 after buying an additional 5,641 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.