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

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

Nuveen Floating Rate Income Fund Price Performance

Shares of NYSE JFR traded down $0.10 during trading on Thursday, hitting $7.24. 525,138 shares of the company traded hands, compared to its average volume of 760,310. The business’s fifty day moving average is $7.37 and its 200 day moving average 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.0780 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Friday, November 13th.

Insider Buying and Selling

In other Nuveen Floating Rate Income Fund news, insider Terence J. Toth sold 4,464 shares of Nuveen Floating Rate Income Fund stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Nuveen Floating Rate Income Fund by 26.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 69,608 shares of the company’s stock worth $518,000 after purchasing an additional 14,628 shares in the last quarter. Curated Wealth Partners LLC acquired a new stake in Nuveen Floating Rate Income Fund in the 3rd quarter valued at $92,000. Andrew Hill Investment Advisors Inc. bought a new stake in Nuveen Floating Rate Income Fund during the 3rd quarter valued at $145,000. Samalin Investment Counsel LLC bought a new stake in Nuveen Floating Rate Income Fund during the 3rd quarter valued at $75,000. Finally, Wedbush Securities Inc. raised its holdings in Nuveen Floating Rate Income Fund by 883.2% during the third quarter. Wedbush Securities Inc. now owns 122,273 shares of the company’s stock worth $910,000 after buying an additional 109,837 shares during the last quarter.

About Nuveen Floating Rate Income Fund

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.