Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Down 70.7% in September

Nuveen Floating Rate Income Fund (NYSE:JFR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 50,400 shares, a decline of 70.7% from the September 15th total of 172,100 shares. Based on an average daily volume of 548,800 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling

In related news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total value of $175,400.00. Following the sale, the insider now directly owns 13,400 shares in the company, valued at $117,518. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC increased its stake in Nuveen Floating Rate Income Fund by 158.6% in the fourth quarter. Virtu Financial LLC now owns 26,268 shares of the company’s stock valued at $216,000 after acquiring an additional 16,109 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of Nuveen Floating Rate Income Fund in the 4th quarter worth approximately $100,000. Nomura Holdings Inc. acquired a new position in shares of Nuveen Floating Rate Income Fund in the 4th quarter worth approximately $126,000. Park Avenue Securities LLC lifted its position in shares of Nuveen Floating Rate Income Fund by 1.7% during the 1st quarter. Park Avenue Securities LLC now owns 248,629 shares of the company’s stock worth $2,171,000 after buying an additional 4,110 shares during the period. Finally, RFG Advisory LLC boosted its stake in Nuveen Floating Rate Income Fund by 8.5% in the 1st quarter. RFG Advisory LLC now owns 388,475 shares of the company’s stock valued at $3,391,000 after buying an additional 30,316 shares in the last quarter.

Nuveen Floating Rate Income Fund Stock Performance

JFR stock traded up $0.02 during trading hours on Thursday, hitting $8.98. The company’s stock had a trading volume of 397,891 shares, compared to its average volume of 557,329. The stock has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $8.75. Nuveen Floating Rate Income Fund has a 12 month low of $7.61 and a 12 month high of $9.03.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.36%.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.