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 during the month of November. As of November 15th, there was short interest totalling 222,900 shares, an increase of 158.3% from the October 31st total of 86,300 shares. Based on an average trading volume of 474,300 shares, the days-to-cover ratio is currently 0.5 days.

Insider Buying and Selling at Nuveen Floating Rate Income Fund

In other Nuveen Floating Rate Income Fund news, insider Albin F. Moschner sold 20,000 shares of the stock in a transaction dated 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 owns 13,400 shares of the company’s stock, valued at approximately $117,518. This represents a 59.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of Nuveen Floating Rate Income Fund by 742.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,104,142 shares of the company’s stock valued at $18,559,000 after purchasing an additional 1,854,254 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Nuveen Floating Rate Income Fund by 138.6% in 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 period. Penserra Capital Management LLC raised its holdings in shares of Nuveen Floating Rate Income Fund by 15.7% during the third quarter. Penserra Capital Management LLC now owns 1,839,248 shares of the company’s stock worth $16,222,000 after acquiring an additional 249,794 shares during the period. Congress Park Capital LLC lifted its position in Nuveen Floating Rate Income Fund by 18.4% in the 3rd quarter. Congress Park Capital LLC now owns 1,494,238 shares of the company’s stock valued at $13,179,000 after acquiring an additional 232,590 shares in the last quarter. Finally, Shaker Financial Services LLC acquired a new position in Nuveen Floating Rate Income Fund in the 3rd quarter worth $1,562,000.

Nuveen Floating Rate Income Fund Price Performance

Nuveen Floating Rate Income Fund stock opened at $9.03 on Thursday. The company’s 50 day simple moving average is $8.88 and its 200 day simple moving average is $8.81. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.94 and a fifty-two week high of $9.04.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a yield of 11.30%. The ex-dividend date of this dividend is Friday, November 15th.

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.