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 during the month of July. As of July 31st, there was short interest totaling 13,638 shares, a decrease of 46.2% from the July 15th total of 25,351 shares. Based on an average daily volume of 25,277 shares, the short-interest ratio is presently 0.5 days.

Nuveen Mortgage and Income Fund Trading Down 1.3%

NYSE JLS traded down $0.22 on Friday, hitting $17.18. The company’s stock had a trading volume of 18,580 shares, compared to its average volume of 20,864. Nuveen Mortgage and Income Fund has a 52-week low of $17.10 and a 52-week high of $19.09. The company’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $18.02.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.1535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Friday, August 14th.

Institutional Trading of Nuveen Mortgage and Income Fund

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Nuveen Mortgage and Income Fund in the 4th quarter worth $54,000. LPL Financial LLC increased its position 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 valued at $210,000 after buying an additional 1,365 shares during the period. Stifel Financial Corp purchased a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at about $218,000. Cetera Investment Advisers raised its stake in Nuveen Mortgage and Income Fund by 4.3% in the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock worth $250,000 after buying an additional 549 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new position in Nuveen Mortgage and Income Fund in the fourth quarter worth about $379,000.

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.