Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Update

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 12,815 shares, a decline of 23.8% from the February 12th total of 16,828 shares. Based on an average daily trading volume, of 15,420 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 15,420 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of hedge funds have recently added to or reduced their stakes in JLS. Stifel Financial Corp acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter valued at about $218,000. Concorde Asset Management LLC grew its position in Nuveen Mortgage and Income Fund by 74.4% in the 4th quarter. Concorde Asset Management LLC now owns 22,850 shares of the company’s stock worth $416,000 after purchasing an additional 9,750 shares during the last quarter. LPL Financial LLC increased its stake in shares of Nuveen Mortgage and Income Fund by 13.4% in the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after purchasing an additional 1,365 shares during the period. Fiera Capital Corp raised its holdings in shares of Nuveen Mortgage and Income Fund by 105.3% during the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after buying an additional 34,716 shares during the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at approximately $379,000.

Nuveen Mortgage and Income Fund Trading Up 0.1%

NYSE JLS traded up $0.01 on Friday, hitting $18.19. 28,994 shares of the stock traded hands, compared to its average volume of 19,539. The stock has a 50-day moving average of $18.44 and a 200 day moving average of $18.58. Nuveen Mortgage and Income Fund has a twelve month low of $16.80 and a twelve month high of $19.10.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Friday, March 13th.

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.