Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Update

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 8,841 shares, a drop of 56.1% from the May 14th total of 20,128 shares. Based on an average daily volume of 20,255 shares, the short-interest ratio is currently 0.4 days.

Nuveen Mortgage and Income Fund Stock Up 0.5%

JLS stock traded up $0.09 during trading on Friday, reaching $17.91. The company had a trading volume of 38,280 shares, compared to its average volume of 19,077. The firm has a 50-day simple moving average of $18.26 and a 200-day simple moving average of $18.32. Nuveen Mortgage and Income Fund has a twelve month low of $17.45 and a twelve month high of $19.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.1535 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in Nuveen Mortgage and Income Fund by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock worth $3,804,000 after purchasing an additional 5,493 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Nuveen Mortgage and Income Fund by 5.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock worth $2,067,000 after purchasing an additional 5,456 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Nuveen Mortgage and Income Fund by 6.9% in the 4th quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock worth $1,426,000 after purchasing an additional 5,076 shares in the last quarter. Fiera Capital Corp boosted 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 purchasing an additional 34,716 shares in the last quarter. Finally, Compound Planning Inc. boosted its stake in Nuveen Mortgage and Income Fund by 224.8% in the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock worth $759,000 after purchasing an additional 28,863 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 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.