Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Rises By 142.6%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a significant growth in short interest during the month of 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 days-to-cover ratio is currently 0.9 days.

Nuveen Mortgage and Income Fund Trading Up 0.2%

Shares of Nuveen Mortgage and Income Fund stock traded up $0.04 during trading on Friday, hitting $18.15. 28,192 shares of the company were exchanged, compared to its average volume of 18,307. Nuveen Mortgage and Income Fund has a fifty-two week low of $17.45 and a fifty-two week high of $19.09. The firm has a 50 day moving average price of $18.28 and a 200 day moving average price of $18.39.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Nuveen Mortgage and Income Fund by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock valued at $3,804,000 after purchasing an additional 5,493 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Nuveen Mortgage and Income Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock worth $2,067,000 after purchasing an additional 5,456 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Nuveen Mortgage and Income Fund by 6.9% during the 4th quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock worth $1,426,000 after purchasing an additional 5,076 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of 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 in the last quarter. Finally, Compound Planning Inc. raised its position in shares of Nuveen Mortgage and Income Fund by 224.8% in the fourth quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $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.