Short Interest in Nuveen Floating Rate Income Fund (NYSE:JFR) Increases By 142.2%

Nuveen Floating Rate Income Fund (NYSE:JFRGet Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 363,000 shares, anincreaseof142.2% from the June 30th total of 149,900 shares. Based on an average daily volume of 504,500 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 504,500 shares, the days-to-cover ratio is currently 0.7 days.

Nuveen Floating Rate Income Fund Price Performance

Shares of NYSE:JFR opened at $8.52 on Thursday. The company’s fifty day moving average is $8.41 and its two-hundred day moving average is $8.34. Nuveen Floating Rate Income Fund has a 12-month low of $7.12 and a 12-month high of $9.24.

Nuveen Floating Rate Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

Hedge Funds Weigh In On Nuveen Floating Rate Income Fund

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new position in shares of Nuveen Floating Rate Income Fund in the fourth quarter worth $29,000. SVB Wealth LLC acquired a new position in shares of Nuveen Floating Rate Income Fund in the first quarter worth $32,000. US Bancorp DE acquired a new position in Nuveen Floating Rate Income Fund during the first quarter worth $39,000. WPG Advisers LLC acquired a new position in Nuveen Floating Rate Income Fund during the first quarter worth $39,000. Finally, Park Square Financial Group LLC acquired a new position in Nuveen Floating Rate Income Fund during the fourth quarter worth $40,000.

Nuveen Floating Rate Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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