(JFR) Nuveen Floating Rate Income - Ratings and Ratios

Ticker Symbol: JFR Exchange: NYSE Type: fund Country Origin: USA Fund Style: Bank Loan JFR is a closed-end management investment company primarily focused on floating-rate bank loans, offering exposure to senior secured loans with variable interest rates. The fund seeks to provide a high level of current income while maintaining liquidity. Its portfolio is diversified across various industries, with a focus on credit quality and risk management. JFR is managed by Nuveen, a well-established investment manager with expertise in fixed income strategies.

Average Volume 20d: 792,450 Last Price: 8.45 SMA 20: 8.42 SMA 50: 8.41 SMA 200: 8.37 ATR: 0.07 The fund exhibits low volatility, as indicated by the ATR of 0.07, reflecting minimal price fluctuations. The short-term SMA (20-period) is marginally above the 50-period SMA, suggesting a stable price trend. The 200-period SMA indicates a slightly downward slope, though the overall price action remains tightly range-bound. The average daily volume of 792,450 shares highlights moderate liquidity, allowing for efficient trading without significant market impact.

AUM: 564.06M USD With assets under management (AUM) of $564.06 million, JFR is a mid-sized fund, providing a balance between scale and agility in its investment strategy. Its size allows for diversification across a broad range of bank loans while maintaining access to smaller, niche opportunities. The funds AUM reflects a substantial investor base, contributing to its market presence and stability in the closed-end fund space.

3-Month Forecast: Based on the convergence of the 20-, 50-, and 200-period SMAs near 8.40, JFR is expected to remain range-bound between 8.30 and 8.50 over the next three months. The low ATR of 0.07 suggests minimal volatility, with daily price movements likely to stay within a narrow range. Fundamentally, the stability in AUM and the funds focus on floating-rate loans position it to benefit from rising interest rates, potentially leading to incremental increases in net asset value (NAV) over the forecast period.