Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Expands By 147.3%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 183,217 shares, an increase of 147.3% from the July 30th total of 74,095 shares. Based on an average daily volume of 99,493 shares, the short-interest ratio is presently 1.8 days.

Nuveen Multi-Asset Income Fund Stock Performance

NMAI stock opened at $14.40 on Friday. Nuveen Multi-Asset Income Fund has a 1-year low of $11.99 and a 1-year high of $15.06. The business has a fifty day moving average price of $14.10 and a 200-day moving average price of $13.70.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $0.116 dividend. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathstone Holdings LLC boosted its holdings in shares of Nuveen Multi-Asset Income Fund by 60.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock valued at $16,345,000 after acquiring an additional 475,298 shares during the last quarter. UBS Group AG raised its holdings in shares of Nuveen Multi-Asset Income Fund by 6.7% during the fourth quarter. UBS Group AG now owns 681,504 shares of the company’s stock valued at $8,887,000 after purchasing an additional 42,990 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Nuveen Multi-Asset Income Fund by 23.5% during the fourth quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock valued at $5,126,000 after purchasing an additional 74,745 shares during the last quarter. Royal Bank of Canada lifted its position in Nuveen Multi-Asset Income Fund by 23.1% during the first quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock valued at $2,978,000 after purchasing an additional 45,075 shares during the period. Finally, Stifel Financial Corp lifted its position in Nuveen Multi-Asset Income Fund by 200.2% during the fourth quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock valued at $2,623,000 after purchasing an additional 134,154 shares during the period.

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.