Nuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) 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 trading volume of 27,573 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On Nuveen Mortgage and Income Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Choreo LLC acquired a new stake in Nuveen Mortgage and Income Fund during the 3rd quarter worth $171,000. Venture Visionary Partners LLC lifted its position in Nuveen Mortgage and Income Fund by 33.5% in the third quarter. Venture Visionary Partners LLC now owns 62,448 shares of the company’s stock valued at $1,022,000 after purchasing an additional 15,666 shares during the period. Noble Wealth Management PBC purchased a new stake in Nuveen Mortgage and Income Fund in the 3rd quarter valued at approximately $27,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 14.7% in 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 position 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 purchasing an additional 4,230 shares during the period.
Nuveen Mortgage and Income Fund Stock Performance
NYSE:JLS traded up $0.03 during trading hours on Friday, hitting $16.37. The company’s stock had a trading volume of 13,641 shares, compared to its average volume of 21,998. Nuveen Mortgage and Income Fund has a 52-week low of $16.01 and a 52-week high of $18.94. The stock has a fifty day moving average of $16.49 and a 200-day moving average of $17.64.
Nuveen Mortgage and Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.1535 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.84 dividend on an annualized basis and a yield of 11.3%.
About Nuveen Mortgage and Income Fund
Nuveen Mortgage and Income Fund (NYSE:JLS) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in mortgage-related securities and other income-producing debt instruments.
Its portfolio may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, mortgage loans and other credit-sensitive fixed-income assets.
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