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Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Rating) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,200 shares, a drop of 47.4% from the May 15th total of 15,600 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is presently 0.1 days.
Shares of NYSE:JRI opened at $13.96 on Friday. The business has a 50-day moving average price of $14.39 and a 200-day moving average price of $14.89. Nuveen Real Asset Income and Growth Fund has a 52-week low of $13.21 and a 52-week high of $16.50.
The business also recently declared a monthly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a dividend of $0.097 per share. This represents a $1.16 annualized dividend and a yield of 8.34%. The ex-dividend date is Tuesday, June 14th.
Hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at approximately $26,000. Moors & Cabot Inc. purchased a new position in Nuveen Real Asset Income and Growth Fund during the third quarter valued at approximately $29,000. Koshinski Asset Management Inc. raised its position in Nuveen Real Asset Income and Growth Fund by 140.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,400 shares of the company’s stock valued at $39,000 after acquiring an additional 1,400 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at approximately $48,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Nuveen Real Asset Income and Growth Fund during the first quarter valued at approximately $157,000.
About Nuveen Real Asset Income and Growth Fund (Get Rating)
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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