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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 12,600 shares, a growth of 207.3% from the March 15th total of 4,100 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 2.6 days.

Nuveen Multi-Market Income Fund Stock Up 0.6 %

Shares of NYSE JMM traded up $0.04 during midday trading on Tuesday, reaching $5.94. 4,345 shares of the company traded hands, compared to its average volume of 6,574. The stock’s 50-day simple moving average is $6.12 and its 200-day simple moving average is $6.10. Nuveen Multi-Market Income Fund has a 12 month low of $5.68 and a 12 month high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.029 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.35 dividend on an annualized basis and a yield of 5.86%.

Institutional Trading of Nuveen Multi-Market Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. 1607 Capital Partners LLC grew its holdings in Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock worth $3,176,000 after acquiring an additional 8,850 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of Nuveen Multi-Market Income Fund by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock worth $33,730,000 after purchasing an additional 192,829 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after purchasing an additional 3,506 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Nuveen Multi-Market Income Fund by 22.5% in the fourth quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after purchasing an additional 19,560 shares in the last quarter. Finally, Transform Wealth LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at approximately $326,000. 67.34% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Multi-Market Income Fund

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.