Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 5,400 shares, an increase of 170.0% from the September 15th total of 2,000 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 0.8 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Shaker Financial Services LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth approximately $101,000. Citadel Advisors LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 1st quarter worth approximately $101,000. Bank of America Corp DE raised its holdings in shares of Nuveen Multi-Market Income Fund by 12.4% during the 2nd quarter. Bank of America Corp DE now owns 17,811 shares of the company’s stock worth $133,000 after acquiring an additional 1,971 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Nuveen Multi-Market Income Fund by 804.0% during the 1st quarter. Wolverine Asset Management LLC now owns 22,203 shares of the company’s stock worth $161,000 after acquiring an additional 19,747 shares in the last quarter. Finally, Strategic Capital Advisers Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 17.7% during the 2nd quarter. Strategic Capital Advisers Inc. now owns 25,330 shares of the company’s stock worth $189,000 after acquiring an additional 3,817 shares in the last quarter. 61.08% of the stock is currently owned by institutional investors and hedge funds.

NYSE JMM traded down $0.12 during trading hours on Thursday, reaching $7.46. The company’s stock had a trading volume of 700 shares, compared to its average volume of 6,826. The firm’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.40. Nuveen Multi-Market Income Fund has a 1 year low of $6.41 and a 1 year high of $7.71.

The firm also recently declared a monthly dividend, which will be paid on Monday, November 1st. Investors of record on Friday, October 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $0.36 dividend on an annualized basis and a yield of 4.83%.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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