Nuveen Mortgage and Income Fund (NYSE:JLS) Sees Large Growth in Short Interest

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

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Several institutional investors have recently made changes to their positions in the company. Fiera Capital Corp grew its holdings in Nuveen Mortgage and Income Fund by 105.3% in the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after purchasing an additional 34,716 shares during the period. Cetera Investment Advisers increased its holdings in Nuveen Mortgage and Income Fund by 128.6% in the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after acquiring an additional 22,527 shares in the last quarter. First Trust Advisors LP raised its position in Nuveen Mortgage and Income Fund by 12.7% during the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after acquiring an additional 4,035 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Mortgage and Income Fund by 14.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after acquiring an additional 4,361 shares during the period. Finally, Concorde Asset Management LLC lifted its holdings in Nuveen Mortgage and Income Fund by 18.5% during the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after purchasing an additional 4,230 shares in the last quarter.

Nuveen Mortgage and Income Fund Stock Up 0.2%

Shares of JLS traded up $0.03 during mid-day trading on Wednesday, reaching $16.43. The company had a trading volume of 25,657 shares, compared to its average volume of 21,355. Nuveen Mortgage and Income Fund has a 52-week low of $16.31 and a 52-week high of $19.09. The stock has a 50 day moving average of $17.14 and a two-hundred day moving average of $17.74.

Nuveen Mortgage and Income Fund Dividend Announcement

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

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.