Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 24.0% in March

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 13,600 shares, a decline of 24.0% from the March 15th total of 17,900 shares. Based on an average daily trading volume, of 22,100 shares, the short-interest ratio is presently 0.6 days.

Nuveen Mortgage and Income Fund Stock Up 0.3 %

Shares of NYSE:JLS traded up $0.06 during trading on Monday, reaching $17.79. The stock had a trading volume of 5,619 shares, compared to its average volume of 20,889. The firm’s 50-day simple moving average is $18.51 and its 200 day simple moving average is $18.43. Nuveen Mortgage and Income Fund has a one year low of $16.80 and a one year high of $19.25.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.1535 dividend. This represents a $1.84 annualized dividend and a dividend yield of 10.35%. The ex-dividend date of this dividend is Tuesday, April 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Nuveen Mortgage and Income Fund by 115.3% during the 4th quarter. Ameriprise Financial Inc. now owns 94,135 shares of the company’s stock valued at $1,694,000 after buying an additional 50,406 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Mortgage and Income Fund during the fourth quarter worth $774,000. Wells Fargo & Company MN grew its position in Nuveen Mortgage and Income Fund by 49.7% during the fourth quarter. Wells Fargo & Company MN now owns 62,472 shares of the company’s stock valued at $1,125,000 after buying an additional 20,740 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its holdings in Nuveen Mortgage and Income Fund by 8.0% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 87,331 shares of the company’s stock valued at $1,572,000 after buying an additional 6,472 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Nuveen Mortgage and Income Fund by 52.5% in the fourth quarter. Advisors Asset Management Inc. now owns 156,564 shares of the company’s stock worth $2,818,000 after acquiring an additional 53,929 shares during the period.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.