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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 13,338 shares, a drop of 15.9% from the December 31st total of 15,869 shares. Based on an average daily trading volume, of 19,910 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 19,910 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Mortgage and Income Fund Price Performance

Shares of JLS opened at $18.77 on Monday. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.80 and a fifty-two week high of $19.25. The business has a 50-day moving average of $18.38 and a 200 day moving average of $18.66.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.1535 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 9.8%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of Nuveen Mortgage and Income Fund by 8.2% during 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 during the period. Cetera Investment Advisers boosted its position 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 acquiring an additional 549 shares during the period. First Trust Advisors LP grew its stake in Nuveen Mortgage and Income Fund by 5.3% during the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock valued at $501,000 after acquiring an additional 1,339 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its holdings in Nuveen Mortgage and Income Fund by 5.8% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock worth $1,825,000 after acquiring an additional 5,377 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Nuveen Mortgage and Income Fund by 22.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after purchasing an additional 36,688 shares in the last quarter.

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.