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

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 203,100 shares, a growth of 303.0% from the September 30th total of 50,400 shares. Based on an average daily trading volume, of 536,100 shares, the days-to-cover ratio is presently 0.4 days.

Insiders Place Their Bets

In related news, insider Albin F. Moschner sold 20,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total value of $175,400.00. Following the sale, the insider now directly owns 13,400 shares of the company’s stock, valued at $117,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of Nuveen Floating Rate Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nuveen Floating Rate Income Fund during the 3rd quarter valued at $65,000. Csenge Advisory Group purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 1st quarter worth $95,000. GM Advisory Group LLC bought a new position in shares of Nuveen Floating Rate Income Fund during the 1st quarter worth $104,000. Finally, Mercer Global Advisors Inc. ADV increased its stake 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 valued at $134,000 after buying an additional 1,806 shares during the period.

Nuveen Floating Rate Income Fund Trading Up 0.5 %

Shares of NYSE JFR traded up $0.04 during midday trading on Friday, hitting $8.90. The company’s stock had a trading volume of 305,396 shares, compared to its average volume of 548,911. Nuveen Floating Rate Income Fund has a 12-month low of $7.61 and a 12-month high of $9.03. The business’s 50 day moving average is $8.85 and its two-hundred day moving average is $8.77.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.02 dividend on an annualized basis and a yield of 11.46%.

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.