( ) was the subject of a significant increase in short interests in April. On April 30, there were 39,300 shorted shares. This is a 30.1% increase from the total of 30,200 on April 15. The days-to-cover is currently 0.5 days based on an average daily share volume of 84700.
Nuveen Real Income Fund: Institutional investors weigh in
Nuveen Real Estate Income Fund purchased a new stake in the fourth quarter, worth about $76,000. Virtu Financial LLC bought a stake in Nuveen Real Estate Income Fund worth $76,000 during the first quarter. NewEdge Advisors LLC increased its holdings of Nuveen Real Estate Income Fund shares by 14.7% in the first quarter. NewEdge Advisors LLC owns 11,700 of the company stock, worth $85,000. This is after adding 1,500 additional shares during the last quarter. Elequin Securities LLC acquired a new stake of shares in Nuveen Real Estate Income Fund worth $92,000 during the fourth quarter. The stock fell $0.02 in Friday's trading, to $7.21. The stock changed hands 46,244 times, as opposed to the average trading volume of 80704 shares. The company's 50-day moving average is $7.44, and its 200-day moving average is $7.91. Nuveen Real Estate Income Fund's one-year low is $6.98, and its one-year high is $10.73.
Nuveen Real Estate Fund Reduces Dividend
A quarterly dividend was also declared by the company and paid out on April 3rd. Dividends of $0.17 were paid to shareholders who had their shares in the company's records on March 15th. This dividend became payable on Tuesday, March 14. On an annualized base, this dividend represents $0.68 and a dividend rate of 9.43%.
About Nuveen Real Estate Income Fund
Nuveen Real Estate Income Fund, a closed-ended mutual fund for equity investments launched by Nuveen Investments Inc. The fund is managed Security Capital Research & Management Incorporated. The fund invests in public equity markets in the United States. The fund invests in the stocks of real estate companies.
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