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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,531 shares, a growth of 81.4% from the August 15th total of 844 shares. Based on an average trading volume of 34,538 shares, the days-to-cover ratio is currently 0.0 days.

Nuveen Mortgage and Income Fund Stock Up 0.2%

JLS stock traded up $0.03 during mid-day trading on Wednesday, reaching $16.43. The company’s stock had a trading volume of 25,657 shares, compared to its average volume of 21,355. The company’s 50 day moving average is $17.14 and its two-hundred day moving average is $17.74. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.31 and a fifty-two week high of $19.09.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JLS. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth $379,000. Concorde Asset Management LLC boosted its position in shares of Nuveen Mortgage and Income Fund by 74.4% during the 4th quarter. Concorde Asset Management LLC now owns 22,850 shares of the company’s stock valued at $416,000 after acquiring an additional 9,750 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Mortgage and Income Fund by 14.7% during the 2nd 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 during the last quarter. First Trust Advisors LP grew its holdings 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 valued at $650,000 after purchasing an additional 4,035 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Nuveen Mortgage and Income Fund by 128.6% in the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after purchasing an additional 22,527 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.