Assessing What's Going On With Senior Loan CEFs [Seeking Alpha]
Nuveen Floating Rate Income Fund (JFR)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jfr
Company Research
Source: Seeking Alpha
Assessing What's Going On With Senior Loan CEFs Summary Senior loan CEFs dominate the D x Y x Z lists. What's going on with senior loan CEFs? Remember: valuation matters when buying CEFs. Note: This note was first released to members 1 month ago. In this month's "High-High-Low" CEF report last month Closed-End Fund Weekly Roundup What's going on with senior loan CEFs? The main culprit is the fall in short-term interest rates that has occurred this year. As the chart below shows, after climbing steadily from near-zero levels for most of the last 5 years, the 3-month LIBOR rate has reversed course and is now sitting at levels not seen since early 2018. Because senior loans are floating rate, usually linked to the 3-month LIBOR, a fall in interest rates will act to decrease the income potential of senior loan CEFs. We've observed over the past year how many senior loan CEFs have been finally PPR (The LIBOR floor The above is why senior loans have been among the worst-performing fixed inc
Show less
Read more
Impact Snapshot
Event Time:
JFR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JFR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JFR alerts
High impacting Nuveen Floating Rate Income Fund news events
Weekly update
A roundup of the hottest topics
JFR
Sec Filings
- 10/11/24 - Form N-CEN
- 10/4/24 - Form N-CSR
- 10/2/24 - Form 4
- JFR's page on the SEC website