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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 8,841 shares, a decline 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 presently 0.4 days.

Nuveen Mortgage and Income Fund Stock Performance

NYSE JLS traded up $0.09 on Friday, hitting $17.91. 38,280 shares of the company’s stock traded hands, 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’s 50-day moving average price is $18.26 and its two-hundred day moving average price is $18.32.

Nuveen Mortgage and Income Fund Announces Dividend

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

Institutional Trading of Nuveen Mortgage and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of JLS. Ameriprise Financial Inc. lifted its stake in Nuveen Mortgage and Income Fund by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock valued at $3,709,000 after acquiring an additional 36,688 shares during the period. Fiera Capital Corp lifted its stake in Nuveen Mortgage and Income Fund by 105.3% during the 4th quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after acquiring an additional 34,716 shares during the period. Compound Planning Inc. lifted its stake in Nuveen Mortgage and Income Fund by 224.8% during the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after acquiring an additional 28,863 shares during the period. Cetera Investment Advisers lifted its stake in Nuveen Mortgage and Income Fund by 128.6% during the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after acquiring an additional 22,527 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in Nuveen Mortgage and Income Fund during the 4th quarter valued at approximately $379,000.

Nuveen Mortgage and Income Fund Company Profile

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.