Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Up 21.7% in December

Nuveen Floating Rate Income Fund (NYSE:JFR) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 542,200 shares, a growth of 21.7% from the December 15th total of 445,600 shares. Based on an average daily trading volume, of 516,000 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Nuveen Floating Rate Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Aviance Capital Partners LLC increased its stake in Nuveen Floating Rate Income Fund by 0.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 169,416 shares of the company’s stock worth $1,494,000 after buying an additional 1,197 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Nuveen Floating Rate Income Fund by 36.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Nuveen Floating Rate Income Fund by 13.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock worth $134,000 after acquiring an additional 1,806 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Nuveen Floating Rate Income Fund by 0.7% during the third quarter. Capital Investment Advisors LLC now owns 290,521 shares of the company’s stock valued at $2,562,000 after acquiring an additional 2,005 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of Nuveen Floating Rate Income Fund by 0.6% in the third quarter. RFG Advisory LLC now owns 382,375 shares of the company’s stock valued at $3,373,000 after purchasing an additional 2,400 shares during the period.

Nuveen Floating Rate Income Fund Trading Down 0.1 %

Shares of NYSE JFR opened at $8.65 on Friday. Nuveen Floating Rate Income Fund has a fifty-two week low of $8.20 and a fifty-two week high of $9.24. The business’s 50 day moving average price is $8.97 and its 200-day moving average price is $8.87.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.085 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.02 dividend on an annualized basis and a yield of 11.80%.

About Nuveen Floating Rate Income Fund

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.