Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Short Interest Jumps 160.9%

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,995 shares, an increase of 160.9% from the August 31st total of 1,531 shares. Based on an average trading volume of 14,146 shares, the days-to-cover ratio is presently 0.3 days.

Nuveen Mortgage and Income Fund Price Performance

Shares of NYSE:JLS traded down $0.01 during trading on Monday, hitting $16.14. The company’s stock had a trading volume of 43,295 shares, compared to its average volume of 21,739. The company has a 50-day moving average of $16.96 and a 200-day moving average of $17.63. Nuveen Mortgage and Income Fund has a 12 month low of $16.07 and a 12 month high of $19.03.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 11.4%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp increased its stake in Nuveen Mortgage and Income Fund by 105.3% in the 4th quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock worth $1,231,000 after buying an additional 34,716 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of 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 worth $726,000 after buying an additional 22,527 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Nuveen Mortgage and Income Fund by 12.7% during the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after acquiring an additional 4,035 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake 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 valued at $593,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Concorde Asset Management LLC raised its stake 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 Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company sponsored by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through a portfolio of mortgage-related investments.

JLS invests primarily in residential and commercial mortgage-backed securities and other debt instruments linked to the U.S. housing and commercial real estate markets. Its portfolio may include securities issued or guaranteed by government-sponsored entities, privately issued mortgage-backed securities, and other mortgage-related instruments.