JFR Stock Summary and Trading Ideas (Nuveen Floating Rate Income Co | NYSE:JFR)

The fund's investment objective is to achieve a high level of current income by investing in adjustable rate secured and unsecured senior loans and other debt instruments. The fund invests at least 80% of its managed assets in adjustable rate loans, primarily senior loans, though the loans may include unsecured senior loans and secured and unsecured subordinated loans. At least 65% of the fund’s managed assets must include adjustable rate senior loans that are secured by specific collateral. The fund uses leverage.

Nuveen Floating Rate Income Co trades on the NYSE stock market under the symbol JFR.

As of April 19, 2024, JFR stock price climbed to $8.58 with 356,247 million shares trading.

JFR has a beta of 0.29, meaning it tends to be less sensitive to market movements. JFR has a correlation of 0.11 to the broad based SPY ETF.

JFR has a market cap of $1.15 billion. This is considered a Small Cap stock.

In the last 3 years, JFR stock traded as high as $10.65 and as low as $7.61.

JFR stock has underperformed the market in the last year with a return of +14.7%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in JFR shares. However, JFR has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and -0.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates JFR has been having a stronger performance recently.

JFR support price is $8.48 and resistance is $8.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JFR stock will trade within this expected range on the day.