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

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 445,600 shares, an increase of 50.7% from the November 30th total of 295,700 shares. Based on an average daily trading volume, of 508,100 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity

In other news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.77, for a total value of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. The trade was a 59.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Nuveen Floating Rate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC lifted its holdings in shares of Nuveen Floating Rate Income Fund by 0.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 169,416 shares of the company’s stock worth $1,494,000 after purchasing an additional 1,197 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Nuveen Floating Rate Income Fund by 36.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Nuveen Floating Rate Income Fund by 13.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock worth $134,000 after acquiring an additional 1,806 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Nuveen Floating Rate Income Fund by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 290,521 shares of the company’s stock valued at $2,562,000 after purchasing an additional 2,005 shares during the period. Finally, RFG Advisory LLC grew its position in Nuveen Floating Rate Income Fund by 0.6% in the 3rd quarter. RFG Advisory LLC now owns 382,375 shares of the company’s stock worth $3,373,000 after purchasing an additional 2,400 shares during the last quarter.

Nuveen Floating Rate Income Fund Stock Down 0.8 %

JFR stock traded down $0.07 during trading on Friday, hitting $8.92. 436,593 shares of the company’s stock traded hands, compared to its average volume of 538,318. The stock has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $8.86. Nuveen Floating Rate Income Fund has a 52 week low of $8.07 and a 52 week high of $9.24.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.02 dividend on an annualized basis and a yield of 11.43%.

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.