Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 46.2% in July

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 13,638 shares, a decrease of 46.2% from the July 15th total of 25,351 shares. Based on an average daily trading volume, of 25,277 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its holdings in shares of Nuveen Mortgage and Income Fund by 4.3% in the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after acquiring an additional 549 shares in the last quarter. First Trust Advisors LP lifted its stake in Nuveen Mortgage and Income Fund by 5.3% during the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock valued at $501,000 after buying an additional 1,339 shares in the last quarter. Ameriprise Financial Inc. grew its position in Nuveen Mortgage and Income Fund by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after purchasing an additional 36,688 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Nuveen Mortgage and Income Fund during the fourth quarter valued at $54,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in Nuveen Mortgage and Income Fund during the 4th quarter worth about $379,000.

Nuveen Mortgage and Income Fund Stock Down 1.3%

Shares of JLS stock traded down $0.23 during mid-day trading on Tuesday, reaching $16.88. 148,852 shares of the company were exchanged, compared to its average volume of 21,633. The business’s 50 day simple moving average is $17.43 and its 200 day simple moving average is $18.01. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.77 and a fifty-two week high of $19.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.1535 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 10.9%.

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.