Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Update

Nuveen Mortgage and Income Fund (NYSE:JLS) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 13,638 shares, a drop of 46.2% from the July 15th total of 25,351 shares. Based on an average trading volume of 25,277 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen Mortgage and Income Fund Stock Performance

Nuveen Mortgage and Income Fund stock traded down $0.07 during midday trading on Monday, reaching $17.11. 13,864 shares of the stock were exchanged, compared to its average volume of 20,818. Nuveen Mortgage and Income Fund has a 52 week low of $17.10 and a 52 week high of $19.09. The company’s fifty day moving average is $17.44 and its 200-day moving average is $18.02.

Nuveen Mortgage and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.1535 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of institutional investors have recently added to or reduced their stakes in JLS. Ameriprise Financial Inc. boosted its position in shares of Nuveen Mortgage and Income Fund by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock valued at $3,804,000 after acquiring an additional 5,493 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Nuveen Mortgage and Income Fund by 6.9% in the fourth quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock worth $1,426,000 after purchasing an additional 5,076 shares during the last quarter. Fiera Capital Corp increased its position 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 worth $1,231,000 after purchasing an additional 34,716 shares during the last quarter. Compound Planning Inc. raised its stake in Nuveen Mortgage and Income Fund by 224.8% in the fourth quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after purchasing an additional 28,863 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in 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 valued at $726,000 after purchasing 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 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.