Short Interest in Nuveen Mortgage and Income Fund (NYSE:JLS) Decreases By 7.8%

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 10,700 shares, a decrease of 7.8% from the October 15th total of 11,600 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JLS. Kovitz Investment Group Partners LLC acquired a new position in Nuveen Mortgage and Income Fund in the 3rd quarter valued at approximately $1,131,000. Advisors Asset Management Inc. increased its holdings in Nuveen Mortgage and Income Fund by 202.7% in the third quarter. Advisors Asset Management Inc. now owns 102,635 shares of the company’s stock valued at $1,892,000 after purchasing an additional 68,732 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Nuveen Mortgage and Income Fund by 45.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,178 shares of the company’s stock valued at $980,000 after purchasing an additional 16,636 shares during the period. Fiera Capital Corp bought a new position in Nuveen Mortgage and Income Fund during the 3rd quarter worth $506,000. Finally, International Assets Investment Management LLC lifted its holdings in Nuveen Mortgage and Income Fund by 1,743.0% during the 3rd quarter. International Assets Investment Management LLC now owns 54,553 shares of the company’s stock worth $1,005,000 after buying an additional 51,593 shares during the period.

Nuveen Mortgage and Income Fund Trading Up 0.5 %

Shares of JLS opened at $18.05 on Tuesday. Nuveen Mortgage and Income Fund has a 52 week low of $15.89 and a 52 week high of $18.90. The stock has a fifty day moving average of $18.30 and a 200-day moving average of $18.05.

Nuveen Mortgage and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.1535 dividend. This represents a $1.84 annualized dividend and a dividend yield of 10.21%. The ex-dividend date is Friday, November 15th.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.