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

by · The Markets Daily

Nuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 20,128 shares, an increase of 142.6% from the April 30th total of 8,298 shares. Based on an average daily volume of 22,632 shares, the short-interest ratio is currently 0.9 days.

Nuveen Mortgage and Income Fund Stock Up 0.1%

Shares of JLS traded up $0.02 during mid-day trading on Monday, hitting $18.09. 34,219 shares of the company were exchanged, compared to its average volume of 18,460. Nuveen Mortgage and Income Fund has a 1-year low of $17.45 and a 1-year high of $19.09. The company has a 50 day moving average of $18.28 and a 200-day moving average of $18.38.

Nuveen Mortgage and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.1535 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Trading of Nuveen Mortgage and Income Fund

A number of hedge funds have recently bought and sold shares of JLS. Concorde Asset Management LLC grew its stake in shares of Nuveen Mortgage and Income Fund by 18.5% in the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after buying an additional 4,230 shares during the period. Cetera Investment Advisers grew its stake in shares of Nuveen Mortgage and Income Fund by 128.6% in the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock valued at $726,000 after buying an additional 22,527 shares during the period. First Trust Advisors LP grew its stake in shares of Nuveen Mortgage and Income Fund by 12.7% in the 1st quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after buying an additional 4,035 shares during the period. Compound Planning Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 224.8% in the 4th 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 period. Finally, Invesco Ltd. grew its stake in shares of Nuveen Mortgage and Income Fund by 107.9% in the 4th quarter. Invesco Ltd. now owns 38,179 shares of the company’s stock valued at $694,000 after buying an additional 19,815 shares during the period.

About Nuveen Mortgage and Income Fund

(Get Free Report)

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.

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