Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Shorted: Short Interest Down 51.7% in October

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,192 shares, a drop of 51.7% from the September 30th total of 19,018 shares. Based on an average daily volume of 27,573 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Mortgage and Income Fund Price Performance

JLS traded up $0.03 during trading hours on Friday, hitting $16.37. 13,641 shares of the company’s stock were exchanged, compared to its average volume of 21,998. Nuveen Mortgage and Income Fund has a 12-month low of $16.01 and a 12-month high of $18.94. The firm has a 50 day moving average of $16.49 and a 200 day moving average of $17.64.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.1535 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.84 annualized dividend and a dividend yield of 11.3%.

Institutional Trading of Nuveen Mortgage and Income Fund

Several hedge funds have recently modified their holdings of the stock. Choreo LLC acquired a new position in Nuveen Mortgage and Income Fund during the 3rd quarter worth $171,000. Venture Visionary Partners LLC raised its position in Nuveen Mortgage and Income Fund by 33.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,666 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Nuveen Mortgage and Income Fund in the 3rd quarter valued at about $27,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Mortgage and Income Fund by 14.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its stake in shares of Nuveen Mortgage and Income Fund by 18.5% in the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after buying an additional 4,230 shares during the period.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE:JLS) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in mortgage-related securities and other income-producing debt instruments.

Its portfolio may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, mortgage loans and other credit-sensitive fixed-income assets.