Why insider trading matters?

Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.

- Peter Lynch
NUVEEN FLOATING RATE INCOME FUND (JFR)
Sector: Financial Services; Industry: Asset Management

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.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-04-29 Saba Capital Management, L.P. 10%-Owner Sell 9,317 $9.51 $88,605 No
2021-04-28 Saba Capital Management, L.P. 10%-Owner Sell 201,467 $9.56 $1,926,025 No
2021-04-26 Saba Capital Management, L.P. 10%-Owner Sell 102,446 $9.57 $980,408 No
2021-04-22 Saba Capital Management, L.P. 10%-Owner Sell 25,075 $9.59 $240,464 No
2021-04-15 Saba Capital Management, L.P. 10%-Owner Sell 87,152 $9.64 $840,488 No
2021-04-13 Saba Capital Management, L.P. 10%-Owner Sell 186,239 $9.70 $1,807,062 No
2021-04-09 Saba Capital Management, L.P. 10%-Owner Sell 357,027 $9.75 $3,482,304 No
2020-10-02 Saba Capital Management, L.P. 10%-Owner Buy 3,600 $8.33 $29,988 No
2020-09-30 Saba Capital Management, L.P. 10%-Owner Buy 54,729 $8.34 $456,440 No
2020-09-29 Saba Capital Management, L.P. 10%-Owner Buy 375,793 $8.30 $3,119,082 No
2020-09-25 Saba Capital Management, L.P. 10%-Owner Buy 198,879 $8.28 $1,646,532 No
2020-09-23 Saba Capital Management, L.P. 10%-Owner Buy 301,369 $8.34 $2,514,240 No

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.