Nuveen Mortgage and Income Fund (NYSE:JLS) Brief Interest Update
Nuveen Mortgage and Income Fund (NYSE:JLS – Get Rating) was the target of significant short-term interest growth in May. As of May 31, there was short interest totaling 3,000 shares, a growth of 76.5% from the total of 1,700 shares as of May 15. Based on an average daily volume of 11,100 shares, the short interest ratio is currently 0.3 days.
A number of large investors have recently increased or reduced their stake in JLS. Wells Fargo & Company MN increased its stake in Nuveen Mortgage and Income Fund by 8.2% during Q2. Wells Fargo & Company MN now owns 57,044 shares of the company valued at $1,192,000 after purchasing an additional 4,317 shares last quarter. Morgan Stanley increased its holdings in Nuveen Mortgage and Income Fund by 2.8% in the third quarter. Morgan Stanley now owns 146,278 shares of the company worth $3,035,000 after buying 4,014 more shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Nuveen Mortgage and Income Fund by 88.0% in Q3. Thrivent Financial for Lutherans now owns 99,572 shares of the company worth $2,073,000 after purchasing an additional 46,614 shares last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Nuveen Mortgage and Income Fund by 5.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 11,861 shares of the company valued at $246,000 after purchasing an additional 569 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in Nuveen Mortgage and Income Fund during the fourth quarter, valued at approximately $539,000.
NYSE JLS shares were flat at $17.28 on Monday. 2,340 shares of the company were traded, against an average volume of 11,245. The company has a 50-day moving average of $17.52 and a 200-day moving average of $18.99. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.96 and a fifty-two week high of $21.49.
The company also recently announced a monthly dividend, which will be paid on Friday, July 1. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.083. This represents an annualized dividend of $1.00 and a yield of 5.76%. The ex-date of this dividend is Tuesday, June 14.
About Nuveen Mortgage and Income Fund (Get a rating)
Nuveen Mortgage and Income Fund is a closed-end, fixed-income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC and Wellington Management Company LLP. It invests in US bond markets. The fund invests in undervalued mortgage-backed securities, consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities offering favorable total return potential.
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