Nuveen Floating Rate Income Fund (NYSE:JFR) Stock Short Interest Report for October

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 155,470 shares, a decline of 80.7% from the October 15th total of 806,337 shares. Based on an average trading volume of 858,287 shares, the short-interest ratio is currently 0.2 days.

Nuveen Floating Rate Income Fund Price Performance

JFR stock traded down $0.10 during mid-day trading on Thursday, reaching $7.24. 525,138 shares of the company traded hands, compared to its average volume of 760,310. The firm’s 50 day moving average price is $7.37 and its 200 day moving average price is $7.55. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.09 and a fifty-two week high of $8.00.

Nuveen Floating Rate Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $0.0780 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Friday, November 13th.

Insider Buying and Selling at Nuveen Floating Rate Income Fund

In related news, insider Terence J. Toth sold 4,464 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $7.65, for a total value of $34,149.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JFR. Cassaday & Co Wealth Management LLC bought a new stake in Nuveen Floating Rate Income Fund during the first quarter worth $41,000. Asset Dedication LLC bought a new position in Nuveen Floating Rate Income Fund during the 1st quarter valued at $42,000. Axiom Investment Management LLC bought a new position in Nuveen Floating Rate Income Fund during the 1st quarter valued at $48,000. Samalin Investment Counsel LLC bought a new position in Nuveen Floating Rate Income Fund during the 3rd quarter valued at $75,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Nuveen Floating Rate Income Fund during the 2nd quarter worth $79,000.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund (NYSE:JFR) is a closed-end management investment company designed to provide investors with current income. The fund primarily invests in floating-rate senior secured loans and other floating-rate debt instruments issued by corporate borrowers, many of which are below investment grade or unrated. Because the fund invests in loans whose interest rates generally adjust periodically, its portfolio is structured to seek income that may be less sensitive to changes in prevailing interest rates than fixed-rate bonds.