Bulldog Investors Buys More Helios & Javelin Mortgage

Bulldog Investors made two bullish moves today by adding Helios Strategic Income Fund Inc (NYSE:HSA) to its equity portfolio and increasing its position in Javelin Mortgage Investment Corp (NYSE:JMI). In one filing with the SEC, Bulldog Investors disclosed ownership of 396,100 shares of Helios Strategic Income Fund, which represent almost 6.7% of the company. At the same time, in a second filing, Bulldog revealed holding  945,500 shares of Javelin Mortgage Investment Corp, which is equivalent to 7% of the company.

In this way, the value of the stake in Helios Strategic Income Fund amounts to $2.5 million, at the current price of company’s stock. HSI is a close-end investment fund. Aside from Bulldog, out of the hedge funds we track, Horizon Asset Management, managed by Murray Stahl, disclosed a stake of  over 122,100 shares of HSI in the latest round of 13F filings.

The value of the position held by Bulldog Investors in Javelin Mortgage Investment Corp, amounts to $11.2 million. Bulldog added more than 205,100 shares to its position in the company. Javelin Mortgage Investment Corp is a corporation with a focus on investing in fixed, adjustable and hybrid adjustable rate, Agency and non-Agency residential mortage-backed securities. According to our database, D. E. Shaw’s hedge fund, D E Shaw & Co, held a stake which contained 20,800 shares of JMI at the end of last quarter.

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Disclosure: none