Nuveen Mortgage and Income Fund (NYSE:JLS) Sees Large Drop in Short Interest

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 8,841 shares, a decrease of 56.1% from the May 14th total of 20,128 shares. Based on an average trading volume of 20,255 shares, the short-interest ratio is currently 0.4 days.

Nuveen Mortgage and Income Fund Trading Up 0.5%

Shares of JLS stock traded up $0.09 during trading hours on Friday, hitting $17.91. 38,280 shares of the company were exchanged, compared to its average volume of 19,077. Nuveen Mortgage and Income Fund has a 1 year low of $17.45 and a 1 year high of $19.09. The firm has a fifty day moving average of $18.26 and a 200 day moving average of $18.32.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Nuveen Mortgage and Income Fund by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock valued at $3,804,000 after buying an additional 5,493 shares during the period. Envestnet Asset Management Inc. raised its holdings in Nuveen Mortgage and Income Fund by 5.2% in the third quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock valued at $2,067,000 after buying an additional 5,456 shares during the period. Osaic Holdings Inc. raised its holdings in Nuveen Mortgage and Income Fund by 6.9% in the fourth quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock valued at $1,426,000 after buying an additional 5,076 shares during the period. Fiera Capital Corp raised its holdings in Nuveen Mortgage and Income Fund by 105.3% in 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 period. Finally, Compound Planning Inc. raised its holdings in 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 valued at $759,000 after buying an additional 28,863 shares during the period.

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.