Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Update

Nuveen Floating Rate Income Fund (NYSE:JFR) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 501,900 shares, an increase of 34.4% from the July 31st total of 373,400 shares. Based on an average daily volume of 358,100 shares, the short-interest ratio is presently 1.4 days.

Nuveen Floating Rate Income Fund Stock Performance

JFR opened at $8.14 on Wednesday. The business has a fifty day moving average of $7.97 and a 200 day moving average of $8.08. Nuveen Floating Rate Income Fund has a 52-week low of $7.69 and a 52-week high of $8.86.

Nuveen Floating Rate Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from Nuveen Floating Rate Income Fund’s previous monthly dividend of $0.07. This represents a $1.02 dividend on an annualized basis and a dividend yield of 12.53%.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. purchased a new position in shares of Nuveen Floating Rate Income Fund during the second quarter worth approximately $84,000. Osaic Holdings Inc. raised its holdings in shares of Nuveen Floating Rate Income Fund by 42.1% in the second quarter. Osaic Holdings Inc. now owns 161,231 shares of the company’s stock valued at $1,272,000 after acquiring an additional 47,800 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Nuveen Floating Rate Income Fund by 2.0% in the second quarter. Wells Fargo & Company MN now owns 1,688,025 shares of the company’s stock worth $13,319,000 after acquiring an additional 32,892 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in Nuveen Floating Rate Income Fund during the 2nd quarter worth about $39,000. Finally, Walleye Capital LLC purchased a new position in Nuveen Floating Rate Income Fund during the 2nd quarter valued at about $590,000.

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.