Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Up 51.3% in February

Nuveen Floating Rate Income Fund (NYSE:JFR) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,550,000 shares, an increase of 51.3% from the January 31st total of 4,990,000 shares. Based on an average trading volume of 994,100 shares, the days-to-cover ratio is presently 7.6 days.

Nuveen Floating Rate Income Fund Price Performance

JFR stock traded down $0.02 during trading on Tuesday, reaching $8.50. 1,728,432 shares of the stock were exchanged, compared to its average volume of 1,327,413. The business has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.82. Nuveen Floating Rate Income Fund has a 1 year low of $8.28 and a 1 year high of $9.24.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JFR. Ameriflex Group Inc. purchased a new stake in Nuveen Floating Rate Income Fund in the 4th quarter valued at about $29,000. Park Square Financial Group LLC acquired a new position in Nuveen Floating Rate Income Fund during the fourth quarter worth $40,000. CoreFirst Bank & Trust purchased a new position in shares of Nuveen Floating Rate Income Fund during the fourth quarter worth $55,000. Cary Street Partners Financial LLC acquired a new stake in shares of Nuveen Floating Rate Income Fund in the fourth quarter valued at $93,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Nuveen Floating Rate Income Fund by 122.9% in the 3rd quarter. Avior Wealth Management LLC now owns 10,750 shares of the company’s stock valued at $95,000 after buying an additional 5,927 shares during the period.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.