Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Update

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 271,700 shares, a decline of 36.0% from the February 28th total of 424,700 shares. Based on an average daily volume of 1,156,200 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In related news, Portfolio Manager Scott C. Caraher purchased 15,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $8.40 per share, for a total transaction of $126,000.00. Following the completion of the transaction, the portfolio manager now directly owns 40,440 shares in the company, valued at $339,696. This represents a 58.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new stake in shares of Nuveen Floating Rate Income Fund in the fourth quarter worth approximately $29,000. Park Square Financial Group LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 4th quarter worth $40,000. CoreFirst Bank & Trust bought a new position in shares of Nuveen Floating Rate Income Fund during the 4th quarter worth $55,000. Cary Street Partners Financial LLC purchased a new position in shares of Nuveen Floating Rate Income Fund during the fourth quarter valued at $93,000. Finally, Truist Financial Corp bought a new stake in shares of Nuveen Floating Rate Income Fund in the fourth quarter valued at about $104,000.

Nuveen Floating Rate Income Fund Trading Up 0.2 %

Shares of JFR traded up $0.02 during midday trading on Friday, hitting $8.45. The stock had a trading volume of 476,893 shares, compared to its average volume of 681,236. Nuveen Floating Rate Income Fund has a 1 year low of $8.28 and a 1 year high of $9.24. The stock’s 50 day moving average is $8.50 and its 200 day moving average is $8.77.

Nuveen Floating Rate Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.085 dividend. This represents a $1.02 annualized dividend and a yield of 12.08%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Floating Rate Income Fund Company Profile

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.