Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Drops By 65.5%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 8,298 shares, a drop of 65.5% from the April 15th total of 24,081 shares. Based on an average daily trading volume, of 14,419 shares, the short-interest ratio is presently 0.6 days.

Nuveen Mortgage and Income Fund Price Performance

JLS traded down $0.08 during midday trading on Friday, reaching $18.48. 5,737 shares of the company were exchanged, compared to its average volume of 18,122. Nuveen Mortgage and Income Fund has a one year low of $17.45 and a one year high of $19.09. The stock’s 50-day simple moving average is $18.25 and its 200 day simple moving average is $18.42.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.1535 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 2.8% during the third quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock worth $3,804,000 after buying an additional 5,493 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 5.2% during the third quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock worth $2,067,000 after buying an additional 5,456 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 6.9% during the fourth quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock worth $1,426,000 after buying an additional 5,076 shares during the last quarter. Fiera Capital Corp boosted its holdings in Nuveen Mortgage and Income Fund by 105.3% during the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock worth $1,231,000 after buying an additional 34,716 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 224.8% during the fourth quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock worth $759,000 after buying an additional 28,863 shares during the last quarter.

About Nuveen Mortgage and Income Fund

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.