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

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

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Venture Visionary Partners LLC increased its position in shares of Nuveen Mortgage and Income Fund by 33.5% during the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after acquiring an additional 15,666 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 worth $726,000 after acquiring an additional 22,527 shares during the period. First Trust Advisors LP boosted its position in 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 worth $650,000 after purchasing an additional 4,035 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Mortgage and Income Fund by 14.7% in 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 last quarter. Finally, Concorde Asset Management LLC grew its stake in Nuveen Mortgage and Income Fund by 18.5% in the 1st quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock valued at $495,000 after purchasing an additional 4,230 shares during the period.

Nuveen Mortgage and Income Fund Stock Performance

Shares of JLS stock traded up $0.03 on Friday, hitting $16.37. The stock had a trading volume of 13,641 shares, compared to its average volume of 21,998. The business has a 50 day moving average of $16.48 and a 200 day moving average of $17.63. Nuveen Mortgage and Income Fund has a 12-month low of $16.01 and a 12-month high of $18.94.

Nuveen Mortgage and Income Fund Dividend Announcement

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

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.