Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Declines By 93.8%

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

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 14.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after acquiring an additional 4,361 shares in the last quarter. Concorde Asset Management LLC increased its position in shares of Nuveen Mortgage and Income Fund by 18.5% during the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after acquiring an additional 4,230 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Nuveen Mortgage and Income Fund by 128.6% during the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after acquiring an additional 22,527 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Nuveen Mortgage and Income Fund by 12.7% in the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after acquiring an additional 4,035 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of Nuveen Mortgage and Income Fund by 224.8% in the fourth quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock worth $759,000 after acquiring an additional 28,863 shares in the last quarter.

Nuveen Mortgage and Income Fund Trading Up 0.7%

Shares of JLS traded up $0.12 during mid-day trading on Tuesday, reaching $16.95. 17,839 shares of the stock traded hands, compared to its average volume of 21,921. The stock has a fifty day simple moving average of $17.33 and a 200 day simple moving average of $17.94. Nuveen Mortgage and Income Fund has a 12-month low of $16.77 and a 12-month high of $19.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently declared 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 of this dividend 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.