Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Up 21.7% in December

Nuveen Floating Rate Income Fund (NYSE:JFR) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 542,200 shares, an increase of 21.7% from the December 15th total of 445,600 shares. Based on an average daily trading volume, of 516,000 shares, the short-interest ratio is currently 1.1 days.

Nuveen Floating Rate Income Fund Trading Down 0.1 %

Shares of Nuveen Floating Rate Income Fund stock traded down $0.01 on Friday, hitting $8.65. 1,734,857 shares of the company’s stock were exchanged, compared to its average volume of 1,200,987. Nuveen Floating Rate Income Fund has a 1 year low of $8.20 and a 1 year high of $9.24. The company has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $8.87.

Nuveen Floating Rate Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.02 annualized dividend and a yield of 11.80%.

Institutional Trading of Nuveen Floating Rate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. lifted its position in shares of Nuveen Floating Rate Income Fund by 36.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock valued at $39,000 after buying an additional 1,200 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nuveen Floating Rate Income Fund in the third quarter worth approximately $65,000. Avior Wealth Management LLC increased its stake in shares of Nuveen Floating Rate Income Fund by 122.9% in the third quarter. Avior Wealth Management LLC now owns 10,750 shares of the company’s stock worth $95,000 after purchasing an additional 5,927 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Nuveen Floating Rate Income Fund by 13.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock worth $134,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Financial & Tax Architects LLC bought a new stake in shares of Nuveen Floating Rate Income Fund during the 4th quarter valued at $157,000.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.