Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Update

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,638 shares, a decline of 46.2% from the July 15th total of 25,351 shares. Based on an average trading volume of 25,277 shares, the short-interest ratio is currently 0.5 days.

Nuveen Mortgage and Income Fund Price Performance

JLS traded down $0.22 during midday trading on Friday, reaching $17.18. The company’s stock had a trading volume of 18,580 shares, compared to its average volume of 20,864. Nuveen Mortgage and Income Fund has a 1 year low of $17.10 and a 1 year high of $19.09. The stock’s 50-day moving average is $17.44 and its 200-day moving average is $18.02.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.1535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in Nuveen Mortgage and Income Fund by 4.3% during the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after buying an additional 549 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Nuveen Mortgage and Income Fund by 5.3% in the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock worth $501,000 after acquiring an additional 1,339 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 22.8% in the second quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after acquiring an additional 36,688 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Nuveen Mortgage and Income Fund in the fourth quarter worth $54,000. Finally, Closed End Fund Advisors Inc. bought a new position in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at $379,000.

Nuveen Mortgage and Income Fund Company Profile

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.