Nuveen Mortgage and Income Fund (NYSE:JLS) Sees Large Increase in Short Interest

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 24,081 shares, an increase of 86.7% from the March 31st total of 12,899 shares. Based on an average daily volume of 13,853 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in Nuveen Mortgage and Income Fund during the 4th quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in Nuveen Mortgage and Income Fund during the 4th quarter worth $54,000. LPL Financial LLC grew its holdings in Nuveen Mortgage and Income Fund by 13.4% during the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after acquiring an additional 1,365 shares in the last quarter. Stifel Financial Corp acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth $247,000.

Nuveen Mortgage and Income Fund Price Performance

NYSE JLS opened at $18.17 on Monday. Nuveen Mortgage and Income Fund has a 52 week low of $17.45 and a 52 week high of $19.09. The company’s fifty day simple moving average is $18.28 and its 200-day simple moving average is $18.45.

Nuveen Mortgage and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.1535 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 10.1%.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.