Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 93.8% in August

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 844 shares, a decrease of 93.8% from the July 30th total of 13,638 shares. Based on an average daily trading volume, of 22,605 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Large investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in 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. Stifel Financial Corp purchased a new stake in shares of Nuveen Mortgage and Income Fund in the fourth quarter worth about $218,000. LPL Financial LLC grew its stake in shares of Nuveen Mortgage and Income Fund by 13.4% in the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after buying an additional 1,365 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Nuveen Mortgage and Income Fund by 12.5% in the third quarter. First Trust Advisors LP now owns 30,081 shares of the company’s stock valued at $563,000 after buying an additional 3,340 shares in the last quarter. Finally, Concorde Asset Management LLC grew its stake in shares of Nuveen Mortgage and Income Fund by 18.5% in the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after buying an additional 4,230 shares in the last quarter.

Nuveen Mortgage and Income Fund Price Performance

Shares of JLS traded up $0.12 during mid-day trading on Tuesday, hitting $16.95. The company had a trading volume of 17,839 shares, compared to its average volume of 21,921. Nuveen Mortgage and Income Fund has a 1-year low of $16.77 and a 1-year high of $19.09. The business’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $17.94.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.1535 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

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.