Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Expands By 21.2%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 12,000 shares, a growth of 21.2% from the September 15th total of 9,900 shares. Based on an average trading volume of 28,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Clear Point Advisors Inc. acquired a new position in shares of Nuveen Mortgage and Income Fund in the 1st quarter valued at about $35,000. International Assets Investment Management LLC bought a new stake in shares of Nuveen Mortgage and Income Fund during the 2nd quarter worth approximately $53,000. Atomi Financial Group Inc. bought a new stake in Nuveen Mortgage and Income Fund in the 3rd quarter valued at $191,000. Choreo LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the 1st quarter worth $259,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Nuveen Mortgage and Income Fund by 2.8% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,542 shares of the company’s stock worth $658,000 after purchasing an additional 1,000 shares in the last quarter.

Nuveen Mortgage and Income Fund Trading Down 0.5 %

Shares of JLS stock traded down $0.09 during trading hours on Monday, hitting $18.60. 27,663 shares of the company’s stock were exchanged, compared to its average volume of 23,309. The firm has a 50 day moving average of $18.23 and a two-hundred day moving average of $17.91. Nuveen Mortgage and Income Fund has a fifty-two week low of $15.48 and a fifty-two week high of $18.90.

Nuveen Mortgage and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.154 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15. This represents a $1.85 dividend on an annualized basis and a dividend yield of 9.94%.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.