Nuveen Global High Income Fund (NYSE:JGH) Sees Large Decline in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 64,972 shares, a decline of 84.6% from the November 30th total of 421,873 shares. Based on an average daily volume of 128,742 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 128,742 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JGH. Jones Financial Companies Lllp acquired a new position in Nuveen Global High Income Fund in the third quarter valued at about $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Nuveen Global High Income Fund in the 2nd quarter valued at approximately $78,000. Comerica Bank raised its position in shares of Nuveen Global High Income Fund by 38.2% in the 3rd quarter. Comerica Bank now owns 7,137 shares of the company’s stock valued at $96,000 after buying an additional 1,974 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Global High Income Fund during the 2nd quarter worth approximately $105,000. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Nuveen Global High Income Fund during the 2nd quarter worth approximately $143,000.

Nuveen Global High Income Fund Stock Up 0.4%

Shares of JGH traded up $0.05 during mid-day trading on Wednesday, hitting $12.53. 74,481 shares of the company’s stock were exchanged, compared to its average volume of 79,267. Nuveen Global High Income Fund has a 52 week low of $10.51 and a 52 week high of $13.70. The stock’s 50-day simple moving average is $12.67 and its 200-day simple moving average is $13.03.

Nuveen Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.1035 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 9.9%.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.