Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Drops By 65.5%
by Jessica Moore · The Cerbat GemNuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) saw a significant drop in short interest in 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 volume of 14,419 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Nuveen Mortgage and Income Fund
A number of hedge funds have recently modified their holdings of JLS. Eagle Bay Advisors LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $54,000. LPL Financial LLC lifted its stake in Nuveen Mortgage and Income Fund by 13.4% in the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock valued at $210,000 after acquiring an additional 1,365 shares in the last quarter. Stifel Financial Corp bought a new stake in Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $218,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Mortgage and Income Fund in the 4th quarter valued at approximately $247,000.
Nuveen Mortgage and Income Fund Trading Down 0.4%
Shares of NYSE JLS traded down $0.08 during mid-day trading on Friday, reaching $18.48. 5,737 shares of the company’s stock were exchanged, compared to its average volume of 18,122. The business has a fifty day simple moving average of $18.25 and a 200 day simple moving average of $18.42. Nuveen Mortgage and Income Fund has a twelve month low of $17.45 and a twelve month high of $19.09.
Nuveen Mortgage and Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.1535 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.
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.