Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Rises By 81.4%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,531 shares, an increase of 81.4% from the August 15th total of 844 shares. Based on an average daily trading volume, of 34,538 shares, the short-interest ratio is currently 0.0 days.

Nuveen Mortgage and Income Fund Stock Performance

JLS stock traded up $0.04 on Thursday, hitting $16.46. 19,334 shares of the company were exchanged, compared to its average volume of 21,343. Nuveen Mortgage and Income Fund has a twelve month low of $16.31 and a twelve month high of $19.09. The business’s fifty day moving average is $17.13 and its two-hundred day moving average is $17.73.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1535 per share. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Nuveen Mortgage and Income Fund

Several large investors have recently added to or reduced their stakes in JLS. Fiera Capital Corp grew its stake in shares of Nuveen Mortgage and Income Fund by 105.3% in the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after buying an additional 34,716 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Nuveen Mortgage and Income Fund by 128.6% during the first quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after purchasing an additional 22,527 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Nuveen Mortgage and Income Fund by 12.7% in the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock valued at $650,000 after purchasing an additional 4,035 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen Mortgage and Income Fund by 14.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock valued at $593,000 after purchasing an additional 4,361 shares in the last quarter. Finally, Concorde Asset Management LLC increased its stake in Nuveen Mortgage and Income Fund by 18.5% during the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after buying an additional 4,230 shares during the period.

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.