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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,878 shares, a drop of 79.6% from the May 14th total of 102,224 shares. Based on an average daily volume of 154,735 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Waverly Advisors LLC purchased a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at $133,000. Kestra Advisory Services LLC grew its stake in Nuveen Multi-Asset Income Fund by 226.8% during the 1st quarter. Kestra Advisory Services LLC now owns 17,128 shares of the company’s stock worth $212,000 after buying an additional 11,887 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Nuveen Multi-Asset Income Fund during the 1st quarter valued at about $31,000. D.A. Davidson & CO. increased its position in Nuveen Multi-Asset Income Fund by 0.6% during the 1st quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock valued at $1,627,000 after buying an additional 730 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Nuveen Multi-Asset Income Fund by 25.3% during the 1st quarter. Private Advisor Group LLC now owns 40,756 shares of the company’s stock valued at $505,000 after buying an additional 8,231 shares in the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NMAI stock traded up $0.15 on Thursday, reaching $13.66. 49,184 shares of the company’s stock were exchanged, compared to its average volume of 123,569. Nuveen Multi-Asset Income Fund has a 52 week low of $11.99 and a 52 week high of $14.38. The company’s fifty day simple moving average is $13.68 and its 200 day simple moving average is $13.34.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.116 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, June 15th.

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.