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

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 20,128 shares, a growth of 142.6% from the April 30th total of 8,298 shares. Based on an average daily volume of 22,632 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in JLS. Eagle Bay Advisors LLC acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth about $54,000. LPL Financial LLC lifted its position in Nuveen Mortgage and Income Fund by 13.4% during the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after buying an additional 1,365 shares in the last quarter. Stifel Financial Corp acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth about $218,000. Finally, Cetera Investment Advisers lifted its position in Nuveen Mortgage and Income Fund by 4.3% during the 2nd 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.

Nuveen Mortgage and Income Fund Stock Performance

Shares of NYSE:JLS opened at $18.09 on Tuesday. Nuveen Mortgage and Income Fund has a 52 week low of $17.45 and a 52 week high of $19.09. The company’s fifty day moving average is $18.28 and its 200-day moving average is $18.38.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.1535 dividend. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Monday, June 15th.

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.