Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Down 94.4% in February

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 424,700 shares, a decrease of 94.4% from the February 13th total of 7,550,000 shares. Based on an average daily trading volume, of 1,121,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Congress Park Capital LLC increased its holdings in Nuveen Floating Rate Income Fund by 3.3% in the fourth quarter. Congress Park Capital LLC now owns 1,544,201 shares of the company’s stock worth $13,774,000 after purchasing an additional 49,963 shares in the last quarter. MML Investors Services LLC grew its position in shares of Nuveen Floating Rate Income Fund by 44.7% during the 3rd quarter. MML Investors Services LLC now owns 28,140 shares of the company’s stock worth $248,000 after buying an additional 8,698 shares during the period. HighTower Advisors LLC increased its stake in shares of Nuveen Floating Rate Income Fund by 108.1% in the 3rd quarter. HighTower Advisors LLC now owns 48,496 shares of the company’s stock valued at $429,000 after acquiring an additional 25,197 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Nuveen Floating Rate Income Fund during the 3rd quarter valued at $978,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Nuveen Floating Rate Income Fund by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,641 shares of the company’s stock worth $6,647,000 after purchasing an additional 30,509 shares in the last quarter.

Nuveen Floating Rate Income Fund Price Performance

NYSE JFR traded down $0.01 during mid-day trading on Wednesday, reaching $8.50. 1,485,505 shares of the stock were exchanged, compared to its average volume of 1,324,900. The stock has a 50 day simple moving average of $8.62 and a 200-day simple moving average of $8.81. Nuveen Floating Rate Income Fund has a one year low of $8.28 and a one year high of $9.24.

Nuveen Floating Rate Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 12.01%. The ex-dividend date is Friday, March 14th.

About Nuveen Floating Rate Income Fund

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.