Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Grows By 1,669.0%

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 8,721 shares, a growth of 1,669.0% from the May 31st total of 493 shares. Based on an average trading volume of 16,931 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds have recently modified their holdings of JMM. Advisors Asset Management Inc. grew its position in shares of Nuveen Multi-Market Income Fund by 1.2% in the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after buying an additional 2,880 shares during the period. Raymond James Financial Inc. purchased a new position in Nuveen Multi-Market Income Fund during the 2nd quarter valued at about $30,000. Fifth Third Bancorp bought a new stake in Nuveen Multi-Market Income Fund during the first quarter worth about $28,000. Wolverine Asset Management LLC bought a new stake in Nuveen Multi-Market Income Fund during the fourth quarter worth about $85,000. Finally, Susquehanna International Group LLP boosted its stake in Nuveen Multi-Market Income Fund by 119.5% during the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after acquiring an additional 24,342 shares in the last quarter. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Trading Up 0.3%

Shares of JMM traded up $0.02 on Thursday, reaching $5.83. The stock had a trading volume of 2,038 shares, compared to its average volume of 12,331. Nuveen Multi-Market Income Fund has a 12-month low of $5.67 and a 12-month high of $6.52. The company has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $5.96.

Nuveen Multi-Market Income Fund Announces Dividend

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 $0.029 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.