2 weeks Ago By ABMN Staff
Nuveen Floating Rate Income Fund ( NYSE:JFR – Get Free Report ) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 172,100 shares, an increase of 174.5% from the August 31st total of 62,700 shares.
Based on an average daily volume of 529,300 shares, the days-to-cover ratio is presently 0.3 days. Nuveen Floating Rate Income Fund Stock Performance JFR traded up $0.
04 on Friday, reaching $8.70. 602,010 shares of the company traded hands, compared to its average volume of 553,075.
The stock’s 50 day moving average price is $8.79 and its 200-day moving average price is $8.74.
Nuveen Floating Rate Income Fund has a 52-week low of $7.61 and a 52-week high of $9.03.
Nuveen Floating Rate Income Fund Announces Dividend The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.085 per share.
This represents a $1.02 annualized dividend and a dividend yield of 11.72%.
The ex-dividend date of this dividend is Friday, September 13th. Hedge Funds Weigh In On Nuveen Floating Rate Income Fund About Nuveen Floating Rate Income Fund ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Nuveen Floating Rate Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Floating Rate Income Fund and related companies with MarketBeat.com's FREE daily email newsletter .
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