Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Sees Significant Growth in Short Interest

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 162,600 shares, an increase of 73.5% from the February 28th total of 93,700 shares. Based on an average daily trading volume, of 134,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Nuveen Real Asset Income and Growth Fund during the fourth quarter worth approximately $3,013,000. Modern Wealth Management LLC acquired a new stake in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter worth approximately $276,000. Harbour Investments Inc. increased its stake in shares of Nuveen Real Asset Income and Growth Fund by 18.8% in the 4th quarter. Harbour Investments Inc. now owns 59,985 shares of the company’s stock valued at $728,000 after acquiring an additional 9,486 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Nuveen Real Asset Income and Growth Fund by 151.4% in 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 in the last quarter. Finally, Financial Security Advisor Inc. acquired a new position in shares of Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at $176,000.

Nuveen Real Asset Income and Growth Fund Price Performance

Shares of Nuveen Real Asset Income and Growth Fund stock traded down $0.16 during midday trading on Friday, reaching $12.85. The company had a trading volume of 80,946 shares, compared to its average volume of 127,686. The stock has a fifty day moving average price of $12.80 and a 200 day moving average price of $12.93. Nuveen Real Asset Income and Growth Fund has a fifty-two week low of $10.84 and a fifty-two week high of $13.72.

Nuveen Real Asset Income and Growth Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 12.47%.

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.