Nuveen Mortgage and Income Fund (NYSE:JLS) Short Interest Down 24.0% in March

Nuveen Mortgage and Income Fund (NYSE:JLS) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 13,600 shares, a decrease of 24.0% from the March 15th total of 17,900 shares. Based on an average trading volume of 22,100 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Nuveen Mortgage and Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Nuveen Mortgage and Income Fund by 115.3% in the fourth quarter. Ameriprise Financial Inc. now owns 94,135 shares of the company’s stock worth $1,694,000 after purchasing an additional 50,406 shares during the last quarter. Raymond James Financial Inc. bought a new position in Nuveen Mortgage and Income Fund in the 4th quarter worth about $774,000. Wells Fargo & Company MN increased its position in shares of Nuveen Mortgage and Income Fund by 49.7% during the fourth quarter. Wells Fargo & Company MN now owns 62,472 shares of the company’s stock worth $1,125,000 after acquiring an additional 20,740 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Nuveen Mortgage and Income Fund by 8.0% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 87,331 shares of the company’s stock valued at $1,572,000 after acquiring an additional 6,472 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nuveen Mortgage and Income Fund by 52.5% in the fourth quarter. Advisors Asset Management Inc. now owns 156,564 shares of the company’s stock valued at $2,818,000 after purchasing an additional 53,929 shares during the period.

Nuveen Mortgage and Income Fund Stock Performance

NYSE JLS traded up $0.06 during trading on Monday, hitting $17.79. 5,619 shares of the stock traded hands, compared to its average volume of 20,889. Nuveen Mortgage and Income Fund has a 12-month low of $16.80 and a 12-month high of $19.25. The firm has a 50-day simple moving average of $18.51 and a 200-day simple moving average of $18.43.

Nuveen Mortgage and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1535 per share. This represents a $1.84 dividend on an annualized basis and a yield of 10.35%. The ex-dividend date is Tuesday, April 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.