Nuveen Mortgage and Income Fund (NYSE:JLS) Sees Significant Decline in Short Interest

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 844 shares, a decline of 93.8% from the July 30th total of 13,638 shares. Based on an average daily trading volume, of 22,605 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Nuveen Mortgage and Income Fund in the 4th quarter valued at $54,000. LPL Financial LLC lifted its position in shares of Nuveen Mortgage and Income Fund by 13.4% during the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after purchasing an additional 1,365 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at $218,000. Cetera Investment Advisers boosted its stake in shares of Nuveen Mortgage and Income Fund by 4.3% during the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after purchasing an additional 549 shares during the period. Finally, Closed End Fund Advisors Inc. bought a new position in shares of Nuveen Mortgage and Income Fund in the fourth quarter worth about $379,000.

Nuveen Mortgage and Income Fund Price Performance

Shares of Nuveen Mortgage and Income Fund stock traded down $0.03 during trading on Thursday, hitting $16.87. The stock had a trading volume of 9,084 shares, compared to its average volume of 21,788. Nuveen Mortgage and Income Fund has a 12 month low of $16.77 and a 12 month high of $19.09. The firm’s fifty day simple moving average is $17.31 and its 200-day simple moving average is $17.92.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend 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.