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

Nuveen Floating Rate Income Fund (NYSE:JFR) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 172,100 shares, a growth of 174.5% from the August 31st total of 62,700 shares. Based on an average daily volume of 529,300 shares, the short-interest ratio is currently 0.3 days.

Nuveen Floating Rate Income Fund Price Performance

Nuveen Floating Rate Income Fund stock opened at $8.70 on Friday. Nuveen Floating Rate Income Fund has a 52 week low of $7.61 and a 52 week high of $9.03. The stock has a fifty day moving average of $8.79 and a 200-day moving average of $8.74.

Nuveen Floating Rate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.085 per share. This represents a $1.02 annualized dividend and a yield of 11.72%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Hedge funds have recently made changes to their positions in the stock. 1607 Capital Partners LLC boosted its stake in shares of Nuveen Floating Rate Income Fund by 102.1% during the fourth quarter. 1607 Capital Partners LLC now owns 632,570 shares of the company’s stock valued at $5,200,000 after purchasing an additional 319,600 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Nuveen Floating Rate Income Fund by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 985,390 shares of the company’s stock valued at $8,602,000 after buying an additional 251,382 shares during the period. Congress Park Capital LLC raised its holdings in Nuveen Floating Rate Income Fund by 20.9% during the 2nd quarter. Congress Park Capital LLC now owns 1,261,648 shares of the company’s stock worth $10,913,000 after purchasing an additional 218,221 shares during the last quarter. Vivaldi Capital Management LP bought a new position in Nuveen Floating Rate Income Fund during the fourth quarter worth $1,458,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in Nuveen Floating Rate Income Fund during the fourth quarter valued at $1,086,000.

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.