Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Update

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,298 shares, a drop of 65.5% from the April 15th total of 24,081 shares. Based on an average trading volume of 14,419 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Mortgage and Income Fund Stock Down 0.4%

Nuveen Mortgage and Income Fund stock traded down $0.08 during mid-day trading on Friday, reaching $18.48. 5,737 shares of the company were exchanged, compared to its average volume of 18,122. Nuveen Mortgage and Income Fund has a twelve month low of $17.45 and a twelve month high of $19.09. The firm’s 50-day simple moving average is $18.25 and its two-hundred day simple moving average is $18.42.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

Several hedge funds have recently modified their holdings of JLS. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $54,000. LPL Financial LLC lifted its holdings in shares of Nuveen Mortgage and Income Fund by 13.4% in the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after buying an additional 1,365 shares during the period. Stifel Financial Corp acquired a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $247,000.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.