Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 21.4% in January

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 19,100 shares, a drop of 21.4% from the January 15th total of 24,300 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 1.2 days.

Nuveen Mortgage and Income Fund Stock Down 0.2 %

JLS stock traded down $0.03 during trading on Monday, reaching $19.02. The company had a trading volume of 17,587 shares, compared to its average volume of 18,473. Nuveen Mortgage and Income Fund has a twelve month low of $16.76 and a twelve month high of $19.15. The firm has a 50-day simple moving average of $18.50 and a 200-day simple moving average of $18.34.

Nuveen Mortgage and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.1535 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Several hedge funds have recently made changes to their positions in JLS. International Assets Investment Management LLC grew its stake in Nuveen Mortgage and Income Fund by 1,743.0% during the 3rd quarter. International Assets Investment Management LLC now owns 54,553 shares of the company’s stock valued at $1,005,000 after purchasing an additional 51,593 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Nuveen Mortgage and Income Fund during the third quarter worth about $506,000. Nations Financial Group Inc. IA ADV boosted its position in Nuveen Mortgage and Income Fund by 45.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,178 shares of the company’s stock valued at $980,000 after buying an additional 16,636 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Nuveen Mortgage and Income Fund by 202.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 102,635 shares of the company’s stock worth $1,892,000 after buying an additional 68,732 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Nuveen Mortgage and Income Fund during the 3rd quarter worth approximately $1,131,000.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund is a closed-ended 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 the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.