Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 56.1% in May

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,841 shares, a decline of 56.1% from the May 14th total of 20,128 shares. Based on an average daily trading volume, of 20,255 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of Nuveen Mortgage and Income Fund by 4.3% in 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 increased its stake in shares of Nuveen Mortgage and Income Fund by 5.3% in the second quarter. First Trust Advisors LP now owns 26,741 shares of the company’s stock valued at $501,000 after buying an additional 1,339 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nuveen Mortgage and Income Fund by 22.8% in the second quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after acquiring an additional 36,688 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Nuveen Mortgage and Income Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 110,393 shares of the company’s stock worth $2,067,000 after buying an additional 5,456 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Nuveen Mortgage and Income Fund by 31.0% during the third quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock valued at $617,000 after acquiring an additional 7,800 shares during the period.

Nuveen Mortgage and Income Fund Trading Down 1.4%

Shares of Nuveen Mortgage and Income Fund stock traded down $0.25 during midday trading on Monday, hitting $17.67. The company had a trading volume of 33,398 shares, compared to its average volume of 19,198. Nuveen Mortgage and Income Fund has a 1-year low of $17.45 and a 1-year high of $19.09. The business’s 50 day simple moving average is $18.26 and its two-hundred day simple moving average is $18.32.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1535 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%.

Nuveen Mortgage and Income Fund Company Profile

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.