Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Down 42.0% in April

Nuveen Floating Rate Income Fund (NYSE:JFRGet Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 73,700 shares, a decline of 42.0% from the March 31st total of 127,100 shares. Based on an average daily volume of 243,500 shares, the days-to-cover ratio is presently 0.3 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in JFR. First Trust Advisors LP boosted its holdings in shares of Nuveen Floating Rate Income Fund by 17.3% in the 1st quarter. First Trust Advisors LP now owns 13,491 shares of the company’s stock worth $130,000 after purchasing an additional 1,988 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Nuveen Floating Rate Income Fund by 48.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 148,323 shares of the company’s stock worth $1,493,000 after purchasing an additional 48,537 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Nuveen Floating Rate Income Fund by 13.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 62,947 shares of the company’s stock valued at $634,000 after acquiring an additional 7,365 shares during the period. Raymond James & Associates boosted its holdings in Nuveen Floating Rate Income Fund by 2.3% during the 3rd quarter. Raymond James & Associates now owns 327,232 shares of the company’s stock valued at $3,295,000 after acquiring an additional 7,320 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in Nuveen Floating Rate Income Fund by 15.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 32,294 shares of the company’s stock valued at $324,000 after acquiring an additional 4,228 shares during the period.

NYSE JFR traded down $0.09 during trading on Friday, reaching $9.49. The company’s stock had a trading volume of 246,169 shares, compared to its average volume of 256,303. The firm has a fifty day moving average of $9.82 and a 200 day moving average of $10.09. Nuveen Floating Rate Income Fund has a one year low of $9.38 and a one year high of $10.65.

The firm also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $0.70 dividend on an annualized basis and a yield of 7.33%.

Nuveen Floating Rate Income Fund Company Profile (Get Rating)

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.

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