Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Short Interest Jumps 376.0%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 19,018 shares, an increase of 376.0% from the September 15th total of 3,995 shares. Based on an average trading volume of 30,015 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Mortgage and Income Fund Stock Up 1.3%

Shares of JLS traded up $0.21 during mid-day trading on Friday, hitting $16.46. 33,695 shares of the stock were exchanged, compared to its average volume of 22,364. Nuveen Mortgage and Income Fund has a 52-week low of $16.01 and a 52-week high of $18.98. The firm has a 50-day moving average of $16.75 and a two-hundred day moving average of $17.51.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.84 dividend on an annualized basis and a yield of 11.2%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of large investors have recently made changes to their positions in JLS. Noble Wealth Management PBC purchased a new stake in shares of Nuveen Mortgage and Income Fund during the 3rd quarter valued at about $27,000. First Trust Advisors LP increased its stake in Nuveen Mortgage and Income Fund by 12.7% during 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 during the last quarter. Concorde Asset Management LLC increased its stake in 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. Hennion & Walsh Asset Management Inc. increased its stake in 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 worth $593,000 after acquiring an additional 4,361 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its position in Nuveen Mortgage and Income Fund by 33.5% during the third 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 during the period.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company sponsored by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through a portfolio of mortgage-related investments.

JLS invests primarily in residential and commercial mortgage-backed securities and other debt instruments linked to the U.S. housing and commercial real estate markets. Its portfolio may include securities issued or guaranteed by government-sponsored entities, privately issued mortgage-backed securities, and other mortgage-related instruments.