Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Up 50.7% in December

Nuveen Floating Rate Income Fund (NYSE:JFR) was the target of a large increase in short interest in 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 volume of 508,100 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity

In other news, insider Albin F. Moschner sold 20,000 shares of Nuveen Floating Rate Income Fund stock in a transaction 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 transaction, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. This trade represents a 59.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Nuveen Floating Rate Income Fund

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of Nuveen Floating Rate Income Fund by 742.0% during the third quarter. International Assets Investment Management LLC now owns 2,104,142 shares of the company’s stock worth $18,559,000 after acquiring an additional 1,854,254 shares during the last quarter. Penserra Capital Management LLC grew its position in Nuveen Floating Rate Income Fund by 15.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,839,248 shares of the company’s stock worth $16,222,000 after purchasing an additional 249,794 shares during the last quarter. Congress Park Capital LLC increased its stake in Nuveen Floating Rate Income Fund by 18.4% during the 3rd quarter. Congress Park Capital LLC now owns 1,494,238 shares of the company’s stock valued at $13,179,000 after purchasing an additional 232,590 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Nuveen Floating Rate Income Fund by 9.4% during the third quarter. Advisors Asset Management Inc. now owns 1,016,412 shares of the company’s stock worth $8,965,000 after buying an additional 87,029 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in shares of Nuveen Floating Rate Income Fund by 138.6% during the third quarter. Pathstone Holdings LLC now owns 911,821 shares of the company’s stock valued at $8,043,000 after buying an additional 529,677 shares during the last quarter.

Nuveen Floating Rate Income Fund Trading Down 0.8 %

Shares of Nuveen Floating Rate Income Fund stock opened at $8.92 on Monday. The company has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $8.86. Nuveen Floating Rate Income Fund has a one year low of $8.07 and a one year high of $9.24.

Nuveen Floating Rate Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.085 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.02 annualized dividend 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.