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.
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.
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