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

Nuveen Floating Rate Income Fund (NYSE:JFR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 172,100 shares, an increase of 174.5% from the August 31st total of 62,700 shares. Based on an average daily volume of 529,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Several large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in Nuveen Floating Rate Income Fund during the fourth quarter worth about $25,000. Benjamin F. Edwards & Company Inc. grew its stake in 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 in the last quarter. True North Advisors LLC bought a new stake in Nuveen Floating Rate Income Fund during the 1st quarter worth approximately $91,000. Csenge Advisory Group purchased a new stake in Nuveen Floating Rate Income Fund in the 1st quarter worth approximately $95,000. Finally, Integrated Advisors Network LLC bought a new position in Nuveen Floating Rate Income Fund in the 4th quarter valued at $100,000.

Nuveen Floating Rate Income Fund Stock Performance

JFR opened at $8.70 on Friday. The company’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $8.74. Nuveen Floating Rate Income Fund has a 1-year low of $7.61 and a 1-year high of $9.03.

Nuveen Floating Rate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.085 dividend. This represents a $1.02 annualized dividend and a dividend yield of 11.72%. The ex-dividend date of this dividend is Friday, September 13th.

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.