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

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a large 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 trading volume of 516,000 shares, the days-to-cover ratio is currently 1.1 days.

Nuveen Floating Rate Income Fund Trading Down 0.1 %

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

Nuveen Floating Rate Income Fund Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 11.80%.

Hedge Funds Weigh In On Nuveen Floating Rate Income Fund

A number of large investors have recently bought and sold shares of JFR. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Nuveen Floating Rate Income Fund by 36.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Nuveen Floating Rate Income Fund in the 3rd quarter valued at approximately $65,000. Avior Wealth Management LLC boosted its holdings in Nuveen Floating Rate Income Fund by 122.9% in the 3rd quarter. Avior Wealth Management LLC now owns 10,750 shares of the company’s stock valued at $95,000 after purchasing an additional 5,927 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Nuveen Floating Rate Income Fund by 13.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock worth $134,000 after buying an additional 1,806 shares in the last quarter. Finally, Financial & Tax Architects LLC purchased a new position in shares of Nuveen Floating Rate Income Fund during the 4th quarter worth approximately $157,000.

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.