Nuveen Mortgage and Income Fund (NYSE:JLS) Sees Significant Growth in Short Interest

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,995 shares, a growth of 160.9% from the August 31st total of 1,531 shares. Based on an average trading volume of 14,146 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Closed End Fund Advisors Inc. bought a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth about $379,000. Concorde Asset Management LLC boosted its position in shares of Nuveen Mortgage and Income Fund by 74.4% during the fourth quarter. Concorde Asset Management LLC now owns 22,850 shares of the company’s stock worth $416,000 after buying an additional 9,750 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Nuveen Mortgage and Income Fund by 14.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after acquiring an additional 4,361 shares during the period. First Trust Advisors LP boosted its position in Nuveen Mortgage and Income Fund by 12.7% during the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after acquiring an additional 4,035 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Nuveen Mortgage and Income Fund by 128.6% during the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after purchasing an additional 22,527 shares during the period.

Nuveen Mortgage and Income Fund Stock Up 0.1%

Nuveen Mortgage and Income Fund stock opened at $16.17 on Friday. Nuveen Mortgage and Income Fund has a 12 month low of $16.08 and a 12 month high of $19.03. The company has a fifty day moving average price of $16.96 and a two-hundred day moving average price of $17.64.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.1535 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Tuesday, September 15th.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company sponsored by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through a portfolio of mortgage-related investments.

JLS invests primarily in residential and commercial mortgage-backed securities and other debt instruments linked to the U.S. housing and commercial real estate markets. Its portfolio may include securities issued or guaranteed by government-sponsored entities, privately issued mortgage-backed securities, and other mortgage-related instruments.