Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Update

Nuveen Floating Rate Income Fund (NYSE:JFR) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 271,700 shares, a decline of 36.0% from the February 28th total of 424,700 shares. Based on an average daily volume of 1,156,200 shares, the short-interest ratio is currently 0.2 days.

Nuveen Floating Rate Income Fund Stock Performance

Shares of NYSE:JFR traded up $0.06 during midday trading on Monday, hitting $8.51. 1,932,895 shares of the stock traded hands, compared to its average volume of 686,222. Nuveen Floating Rate Income Fund has a one year low of $8.28 and a one year high of $9.24. The business’s 50 day moving average is $8.50 and its two-hundred day moving average is $8.77.

Nuveen Floating Rate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.085 per share. This represents a $1.02 dividend on an annualized basis and a yield of 11.99%. The ex-dividend date of this dividend is Friday, March 14th.

Insiders Place Their Bets

In other news, Portfolio Manager Scott C. Caraher purchased 15,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of $8.40 per share, for a total transaction of $126,000.00. Following the acquisition, the portfolio manager now directly owns 40,440 shares of the company’s stock, valued at $339,696. This represents a 58.96 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

A number of large investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its stake in Nuveen Floating Rate Income Fund by 21.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,798,818 shares of the company’s stock worth $16,045,000 after acquiring an additional 318,303 shares during the period. Congress Park Capital LLC raised its holdings in Nuveen Floating Rate Income Fund by 3.3% in the 4th quarter. Congress Park Capital LLC now owns 1,544,201 shares of the company’s stock worth $13,774,000 after purchasing an additional 49,963 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 4th quarter worth about $12,175,000. Advisors Asset Management Inc. lifted its position in shares of Nuveen Floating Rate Income Fund by 4.3% in the 4th quarter. Advisors Asset Management Inc. now owns 1,059,671 shares of the company’s stock worth $9,452,000 after purchasing an additional 43,259 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Nuveen Floating Rate Income Fund by 16.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 880,665 shares of the company’s stock valued at $7,856,000 after purchasing an additional 127,024 shares in the last quarter.

Nuveen Floating Rate Income Fund Company Profile

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.