Nuveen Mortgage and Income Fund (NYSE:JLS) Shares Shorted: Short Interest Up 376.0% in September

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 19,018 shares, a growth of 376.0% from the September 15th total of 3,995 shares. Based on an average daily volume of 30,015 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Hedge funds have recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of Nuveen Mortgage and Income Fund during the third quarter valued at about $27,000. Concorde Asset Management LLC grew its stake in shares of Nuveen Mortgage and Income Fund by 74.4% in the fourth quarter. Concorde Asset Management LLC now owns 22,850 shares of the company’s stock worth $416,000 after purchasing an additional 9,750 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Mortgage and Income Fund by 14.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after purchasing an additional 4,361 shares during the period. First Trust Advisors LP increased its holdings 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 valued at $650,000 after purchasing an additional 4,035 shares during the period. Finally, Cetera Investment Advisers raised its position in Nuveen Mortgage and Income Fund by 128.6% during the 1st 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 last quarter.

Nuveen Mortgage and Income Fund Stock Performance

Shares of NYSE:JLS traded down $0.07 during trading on Monday, reaching $16.39. 7,644 shares of the company traded hands, compared to its average volume of 22,288. Nuveen Mortgage and Income Fund has a 52-week low of $16.01 and a 52-week high of $18.98. The business’s fifty day moving average is $16.75 and its 200-day moving average is $17.51.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.1535 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Thursday, October 15th.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE:JLS) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in mortgage-related securities and other income-producing debt instruments.

Its portfolio may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, mortgage loans and other credit-sensitive fixed-income assets.