Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 172,100 shares, an increase of 174.5% from the August 31st total of 62,700 shares. Based on an average daily trading volume, of 529,300 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Nuveen Floating Rate Income Fund
Several institutional investors and hedge funds have recently bought and sold shares of JFR. ICA Group Wealth Management LLC purchased a new position in shares of Nuveen Floating Rate Income Fund in the fourth quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. boosted its stake in Nuveen Floating Rate Income Fund by 36.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the period. True North Advisors LLC purchased a new position in Nuveen Floating Rate Income Fund during the 1st quarter worth approximately $91,000. Csenge Advisory Group acquired a new stake in Nuveen Floating Rate Income Fund during the 1st quarter valued at $95,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the fourth quarter valued at $100,000.
Nuveen Floating Rate Income Fund Stock Performance
Shares of NYSE JFR traded up $0.04 during mid-day trading on Friday, reaching $8.70. The company had a trading volume of 602,010 shares, compared to its average volume of 553,075. The company has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $8.74. Nuveen Floating Rate Income Fund has a 1-year low of $7.61 and a 1-year high of $9.03.
Nuveen Floating Rate Income Fund Announces Dividend
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.
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