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

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,300 shares, a decline of 87.3% from the August 15th total of 10,200 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is presently 0.1 days.

Shares of NYSE JLS traded up $0.10 during mid-day trading on Thursday, reaching $21.23. 5,675 shares of the company’s stock were exchanged, compared to its average volume of 14,359. Nuveen Mortgage and Income Fund has a 52 week low of $18.14 and a 52 week high of $21.82. The firm has a 50-day moving average price of $21.05 and a two-hundred day moving average price of $20.93.

The firm also recently announced a monthly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be paid a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Tuesday, September 14th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Nuveen Mortgage and Income Fund by 8.2% in the 2nd quarter. Wells Fargo & Company MN now owns 57,044 shares of the company’s stock worth $1,192,000 after acquiring an additional 4,317 shares during the last quarter. Royal Bank of Canada increased its holdings in Nuveen Mortgage and Income Fund by 12.4% in the 2nd quarter. Royal Bank of Canada now owns 25,159 shares of the company’s stock worth $526,000 after acquiring an additional 2,778 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Nuveen Mortgage and Income Fund by 11.4% in the 2nd quarter. Sit Investment Associates Inc. now owns 1,251,808 shares of the company’s stock worth $26,150,000 after acquiring an additional 128,082 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Nuveen Mortgage and Income Fund in the 2nd quarter worth about $49,000. Finally, Baird Financial Group Inc. increased its holdings in Nuveen Mortgage and Income Fund by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 18,921 shares of the company’s stock worth $395,000 after acquiring an additional 897 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.

Recommended Story: Correction

Receive News & Ratings for Nuveen Mortgage and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Mortgage and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.