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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 844 shares, a decrease of 93.8% from the July 30th total of 13,638 shares. Based on an average daily volume of 22,605 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of JLS. International Assets Investment Management LLC bought a new stake in Nuveen Mortgage and Income Fund in the 4th quarter valued at $54,000. LPL Financial LLC raised 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 last quarter. Stifel Financial Corp bought a new stake in shares of Nuveen Mortgage and Income Fund in the fourth quarter valued at about $218,000. Cetera Investment Advisers lifted its stake in shares of 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 valued at $250,000 after buying an additional 549 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in Nuveen Mortgage and Income Fund during the fourth quarter worth about $379,000.

Nuveen Mortgage and Income Fund Stock Performance

Shares of JLS traded down $0.08 during trading hours on Wednesday, hitting $16.91. 11,851 shares of the company were exchanged, compared to its average volume of 21,856. The firm’s 50 day moving average is $17.33 and its 200-day moving average is $17.94. Nuveen Mortgage and Income Fund has a 52 week low of $16.77 and a 52 week high of $19.09.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.1535 per share. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, August 14th.

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.