Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Expands By 39.6%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 18,618 shares, an increase of 39.6% from the January 15th total of 13,338 shares. Based on an average daily trading volume, of 19,796 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 19,796 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Nuveen Mortgage and Income Fund by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 104,937 shares of the company’s stock valued at $1,967,000 after purchasing an additional 7,987 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Nuveen Mortgage and Income Fund by 4.3% during the second quarter. Cetera Investment Advisers now owns 13,349 shares of the company’s stock valued at $250,000 after buying an additional 549 shares during the period. First Trust Advisors LP raised its position in shares of Nuveen Mortgage and Income Fund by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock worth $501,000 after acquiring an additional 1,339 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Nuveen Mortgage and Income Fund by 5.8% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock valued at $1,825,000 after buying an additional 5,377 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 22.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after buying an additional 36,688 shares during the last quarter.

Nuveen Mortgage and Income Fund Stock Down 0.6%

NYSE:JLS traded down $0.12 on Friday, hitting $18.71. The stock had a trading volume of 19,711 shares, compared to its average volume of 21,410. Nuveen Mortgage and Income Fund has a 52 week low of $16.80 and a 52 week high of $19.25. The business’s fifty day moving average is $18.40 and its 200 day moving average is $18.65.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.1535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, February 13th.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.