Nuveen Real Asset Income and Growth Fund (NYSE:JRI) Short Interest Update

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,800 shares, a drop of 80.9% from the August 15th total of 30,400 shares. Based on an average trading volume of 73,400 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its position in shares of Nuveen Real Asset Income and Growth Fund by 9.0% during the second quarter. Parametric Portfolio Associates LLC now owns 2,595,321 shares of the company’s stock valued at $41,707,000 after purchasing an additional 214,655 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Nuveen Real Asset Income and Growth Fund during the second quarter valued at about $387,000. Wells Fargo & Company MN grew its position in shares of Nuveen Real Asset Income and Growth Fund by 0.4% during the second quarter. Wells Fargo & Company MN now owns 226,517 shares of the company’s stock valued at $3,640,000 after purchasing an additional 984 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Nuveen Real Asset Income and Growth Fund by 4.2% during the second quarter. Nations Financial Group Inc. IA ADV now owns 38,691 shares of the company’s stock valued at $622,000 after purchasing an additional 1,565 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Nuveen Real Asset Income and Growth Fund by 2.8% during the second quarter. First Trust Advisors LP now owns 131,461 shares of the company’s stock valued at $2,113,000 after purchasing an additional 3,524 shares in the last quarter.

Shares of Nuveen Real Asset Income and Growth Fund stock traded down $0.08 during trading on Thursday, reaching $15.97. 63,237 shares of the stock traded hands, compared to its average volume of 90,461. The business has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $15.61. Nuveen Real Asset Income and Growth Fund has a 52-week low of $11.60 and a 52-week high of $16.50.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.097 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.29%.

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.

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