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

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 10,700 shares, a decline of 7.8% from the October 15th total of 11,600 shares. Based on an average daily volume of 22,800 shares, the short-interest ratio is currently 0.5 days.

Nuveen Mortgage and Income Fund Trading Down 0.1 %

Shares of JLS opened at $18.03 on Wednesday. Nuveen Mortgage and Income Fund has a 52 week low of $15.89 and a 52 week high of $18.90. The firm’s 50-day simple moving average is $18.30 and its 200 day simple moving average is $18.05.

Nuveen Mortgage and Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.1535 dividend. This represents a $1.84 annualized dividend and a dividend yield of 10.22%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of large investors have recently made changes to their positions in JLS. Kovitz Investment Group Partners LLC acquired a new position in Nuveen Mortgage and Income Fund in the 3rd quarter valued at $1,131,000. Advisors Asset Management Inc. boosted its position in shares of Nuveen Mortgage and Income Fund by 202.7% in the third quarter. Advisors Asset Management Inc. now owns 102,635 shares of the company’s stock valued at $1,892,000 after acquiring an additional 68,732 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Nuveen Mortgage and Income Fund by 45.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,178 shares of the company’s stock valued at $980,000 after acquiring an additional 16,636 shares in the last quarter. Fiera Capital Corp bought a new position in Nuveen Mortgage and Income Fund during the third quarter worth about $506,000. Finally, International Assets Investment Management LLC raised its stake in Nuveen Mortgage and Income Fund by 1,743.0% in the 3rd quarter. International Assets Investment Management LLC now owns 54,553 shares of the company’s stock worth $1,005,000 after purchasing an additional 51,593 shares in the last quarter.

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.