Nuveen Mortgage and Income Fund (NYSE:JLS) Stock Short Interest Drops 51.7%

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 9,192 shares, a decrease of 51.7% from the September 30th total of 19,018 shares. Based on an average daily trading volume, of 27,573 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Mortgage and Income Fund Stock Up 0.2%

Shares of NYSE:JLS traded up $0.03 during midday trading on Friday, reaching $16.37. The company had a trading volume of 13,641 shares, compared to its average volume of 21,998. The stock’s fifty day moving average price is $16.48 and its 200-day moving average price is $17.63. Nuveen Mortgage and Income Fund has a one year low of $16.01 and a one year high of $18.94.

Nuveen Mortgage and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.1535 per share. This represents a $1.84 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

A number of institutional investors have recently made changes to their positions in JLS. Choreo LLC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the 3rd quarter valued at approximately $171,000. Venture Visionary Partners LLC boosted its holdings in Nuveen Mortgage and Income Fund by 33.5% in the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock worth $1,022,000 after purchasing an additional 15,666 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Nuveen Mortgage and Income Fund during the third quarter worth $27,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Mortgage and Income Fund by 14.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after purchasing an additional 4,361 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Nuveen Mortgage and Income Fund by 128.6% in the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after buying an additional 22,527 shares during the last quarter.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company designed to provide current income and, to a lesser extent, capital appreciation. The fund is managed by Nuveen, the investment management arm of TIAA, and is listed on the New York Stock Exchange.

JLS invests primarily in mortgage-related securities and other income-producing debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S.