The Nuveen Floating Rate Income Fund $JFR has broken below its 50 day moving average on December 19, 2022. Both the MACD and money flow are rapidly dropping further into bearish territory. $JFR stock is in a technical strong downtrend.

Launched by Nuveen Investments, Inc., the Nuveen Floating Rate Income Fund is a closed-end fixed income mutual fund. Symphony Asset Management LLC and Nuveen Fund Advisors LLC jointly manage it. The fund makes investments in US fixed income markets. It mainly invests in senior loans with adjustable interest rates that are both secured and unsecured. The fund primarily invests in below investment grade loans in order to capture a higher yield.
What may be happening is that the market is pricing in an increased probability of loan default on riskier, below investment grade loans.