Short Interest in Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Declines By 28.1%

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 93,700 shares, a decline of 28.1% from the February 13th total of 130,300 shares. Based on an average daily volume of 139,800 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Real Asset Income and Growth Fund Stock Up 1.2 %

Shares of JRI traded up $0.15 during midday trading on Monday, hitting $12.98. 70,738 shares of the company traded hands, compared to its average volume of 128,190. The firm has a 50 day moving average of $12.66 and a 200-day moving average of $12.93. Nuveen Real Asset Income and Growth Fund has a 52 week low of $10.84 and a 52 week high of $13.72.

Nuveen Real Asset Income and Growth Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.1335 per share. This represents a $1.60 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date is Friday, March 14th.

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

Several institutional investors have recently added to or reduced their stakes in JRI. Larson Financial Group LLC boosted its position in shares of Nuveen Real Asset Income and Growth Fund by 151.4% during the 4th quarter. Larson Financial Group LLC now owns 2,675 shares of the company’s stock valued at $32,000 after acquiring an additional 1,611 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at $96,000. Elequin Capital LP bought a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at $102,000. Worth Asset Management LLC purchased a new position in shares of Nuveen Real Asset Income and Growth Fund in the 4th quarter worth $122,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Nuveen Real Asset Income and Growth Fund in the 4th quarter worth about $128,000.

Nuveen Real Asset Income and Growth Fund Company Profile

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.