Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 70,356 shares, a growth of 134.5% from the February 26th total of 29,997 shares. Based on an average daily volume of 130,282 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NMAI. Atlantic Union Bankshares Corp bought a new stake in Nuveen Multi-Asset Income Fund during the 3rd quarter valued at approximately $40,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the fourth quarter worth approximately $42,000. Wells Fargo & Company MN lifted its stake in shares of Nuveen Multi-Asset Income Fund by 942.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after buying an additional 2,968 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the fourth quarter valued at approximately $68,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Multi-Asset Income Fund during the fourth quarter valued at approximately $131,000.

Nuveen Multi-Asset Income Fund Stock Down 0.7%

Nuveen Multi-Asset Income Fund stock opened at $12.50 on Thursday. Nuveen Multi-Asset Income Fund has a fifty-two week low of $10.21 and a fifty-two week high of $13.95. The firm’s fifty day moving average price is $13.30 and its 200-day moving average price is $13.13.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.