Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Expands By 40.1%

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 24,402 shares, an increase of 40.1% from the November 30th total of 17,418 shares. Based on an average daily volume of 20,333 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 20,333 shares, the short-interest ratio is presently 1.2 days.

Nuveen Mortgage and Income Fund Trading Down 0.7%

Shares of NYSE JLS opened at $18.11 on Tuesday. The company has a 50 day simple moving average of $18.56 and a 200 day simple moving average of $18.72. Nuveen Mortgage and Income Fund has a 1 year low of $16.80 and a 1 year high of $19.25.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JLS. Ameriprise Financial Inc. raised its position in Nuveen Mortgage and Income Fund by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after purchasing an additional 36,688 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Nuveen Mortgage and Income Fund by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 104,937 shares of the company’s stock valued at $1,967,000 after buying an additional 7,987 shares during the period. Fiera Capital Corp increased its stake in shares of Nuveen Mortgage and Income Fund by 31.0% in the third quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock valued at $617,000 after buying an additional 7,800 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its position in shares of Nuveen Mortgage and Income Fund by 5.8% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock worth $1,825,000 after acquiring an additional 5,377 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Nuveen Mortgage and Income Fund by 12.5% during the third quarter. First Trust Advisors LP now owns 30,081 shares of the company’s stock worth $563,000 after acquiring an additional 3,340 shares during the last quarter.

About Nuveen Mortgage and Income Fund

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.