Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Rises By 142.6%

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 20,128 shares, a growth of 142.6% from the April 30th total of 8,298 shares. Based on an average daily volume of 22,632 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of large investors have recently made changes to their positions in JLS. Eagle Bay Advisors LLC acquired a new position in Nuveen Mortgage and Income Fund during the fourth quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth approximately $54,000. LPL Financial LLC grew 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 acquiring an additional 1,365 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Nuveen Mortgage and Income Fund in the 4th quarter valued at $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Nuveen Mortgage and Income Fund in the fourth quarter valued at $247,000.

Nuveen Mortgage and Income Fund Stock Up 0.2%

Shares of NYSE:JLS traded up $0.04 during trading on Friday, hitting $18.15. 28,192 shares of the company were exchanged, compared to its average volume of 18,307. The firm’s 50 day moving average price is $18.28 and its 200-day moving average price is $18.39. Nuveen Mortgage and Income Fund has a 12-month low of $17.45 and a 12-month high of $19.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.1535 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 10.1%.

About Nuveen Mortgage and Income Fund

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.