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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 12,815 shares, a decrease of 23.8% from the February 12th total of 16,828 shares. Based on an average daily trading volume, of 15,420 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 15,420 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JLS. Envestnet Asset Management Inc. lifted 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 in the last quarter. Cetera Investment Advisers raised its holdings in shares of Nuveen Mortgage and Income Fund by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock worth $250,000 after acquiring an additional 549 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Nuveen Mortgage and Income Fund by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock worth $501,000 after acquiring an additional 1,339 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its position in Nuveen Mortgage and Income Fund by 5.8% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock valued at $1,825,000 after acquiring an additional 5,377 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 valued at $3,709,000 after purchasing an additional 36,688 shares during the last quarter.

Nuveen Mortgage and Income Fund Trading Up 0.1%

Nuveen Mortgage and Income Fund stock traded up $0.01 during mid-day trading on Friday, reaching $18.19. The stock had a trading volume of 28,994 shares, compared to its average volume of 19,539. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.80 and a fifty-two week high of $19.10. The stock’s 50-day simple moving average is $18.44 and its 200-day simple moving average is $18.58.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.1535 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 10.1%.

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.