Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 7.8% in October

Nuveen Mortgage and Income Fund (NYSE:JLS) was the target of a large decline in short interest in 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 trading volume, of 22,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Nuveen Mortgage and Income Fund

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

Nuveen Mortgage and Income Fund Stock Performance

Shares of JLS stock opened at $18.05 on Tuesday. The firm has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $18.05. Nuveen Mortgage and Income Fund has a 12 month low of $15.89 and a 12 month high of $18.90.

Nuveen Mortgage and Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.1535 per share. This represents a $1.84 annualized dividend and a yield of 10.21%. The ex-dividend date is Friday, November 15th.

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.