Short Interest in Nuveen Floating Rate Income Fund (NYSE:JFR) Increases By 303.0%

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

Nuveen Floating Rate Income Fund Trading Up 0.5 %

NYSE:JFR traded up $0.04 during mid-day trading on Friday, reaching $8.90. The stock had a trading volume of 305,396 shares, compared to its average volume of 548,911. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.61 and a fifty-two week high of $9.03. The business’s 50 day moving average is $8.85 and its 200 day moving average is $8.77.

Nuveen Floating Rate Income Fund Dividend Announcement

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 issued a $0.085 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date of this dividend is Tuesday, October 15th.

Insider Buying and Selling at Nuveen Floating Rate Income Fund

In related news, insider Albin F. Moschner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total transaction of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of Nuveen Floating Rate Income Fund

Several institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Nuveen Floating Rate Income Fund by 36.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock valued at $39,000 after purchasing an additional 1,200 shares during the last quarter. Kovack Advisors Inc. boosted its position in Nuveen Floating Rate Income Fund by 2.7% during the 1st quarter. Kovack Advisors Inc. now owns 50,042 shares of the company’s stock worth $437,000 after acquiring an additional 1,297 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Nuveen Floating Rate Income Fund by 1.1% during the 1st quarter. Aviance Capital Partners LLC now owns 161,763 shares of the company’s stock worth $1,412,000 after buying an additional 1,782 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Nuveen Floating Rate Income Fund by 13.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock valued at $134,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Mission Wealth Management LP raised its stake in shares of Nuveen Floating Rate Income Fund by 1.5% during the 1st quarter. Mission Wealth Management LP now owns 129,340 shares of the company’s stock worth $1,129,000 after purchasing an additional 1,874 shares in the last quarter.

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.