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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,298 shares, a decline of 65.5% from the April 15th total of 24,081 shares. Based on an average daily volume of 14,419 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Mortgage and Income Fund Price Performance

NYSE JLS traded down $0.08 on Friday, hitting $18.48. The stock had a trading volume of 5,737 shares, compared to its average volume of 18,122. The business’s fifty day moving average price is $18.25 and its 200 day moving average price is $18.42. Nuveen Mortgage and Income Fund has a 52-week low of $17.45 and a 52-week high of $19.09.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth $54,000. LPL Financial LLC lifted its stake in shares of Nuveen Mortgage and Income Fund by 13.4% during the fourth quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after buying an additional 1,365 shares during the period. Stifel Financial Corp acquired a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth $247,000.

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.