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Closed-end fund that invests in the leveraged loan asset class. The fund has a 0.40 Sharpe ratio and 10.46 standard deviation vs 0.56 Sharpe and 3.31 standard deviation for the Bloomberg US Aggregate Bond Index. The fund has a very low duration of 0.21, which makes it fairly immun...
JRO is a closed end fund investing in senior floating rate loans. The fund has historically robust Sharpe and standard deviation metrics but utilizes significant leverage. Although it has a negligible duration, the fund has treaded water from a total return perspective during the ...
Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest (NYSE:JRO) traded at a new 52-week high today of $9.98. So far today approximately 60,000 shares have been exchanged, as compared to an average 30-day volume of 232,000 shares. Nuveen Floating Rate Income Opp Fd i...
Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest (NYSE:JRO) traded today at a new 52-week high of $9.97. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 235,000 shares. Nuveen Floating Rate Income Opp Fd i...
Senior loan funds are showing some opportunities at some wide discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...
These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell." Be mindful if you have tax consequences which may not make it. For further details see: Some R...
Shares of Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest (NYSE:JRO) traded at a new 52-week high today of $9.82. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 255,000 shares. There is potential upside ...
Shares of Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest (NYSE:JRO) traded today at $9.77, eclipsing its 52-week high. This new high was reached on below average trading volume as 78,000 shares traded hands, while the average 30-day volume is approximately 255,...
Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends. Muni CEFs remain a better value than taxables but there are small pockets of opportunity in the taxable side if you look and...
Shares of Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest (NYSE:JRO) traded today at $9.66, eclipsing its 52-week high. Approximately 715,000 shares have changed hands today, as compared to an average 30-day volume of 218,000 shares. Nuveen Floating Rate Income...
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Fund merger results in the largest listed senior loan closed-end fund Monthly distribution increased by 14% The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD)...
Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The merg...
2023-05-12 05:00:23 ET What’s up with floating-rate funds? Why haven’t they all, well, floated higher in price as interest rates have risen over the past couple of years? Is there any hope that they’ll finally float ? Today we’ll discuss f...