Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Declines 53.9%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 81,675 shares, a decline of 53.9% from the September 30th total of 177,072 shares. Based on an average daily volume of 160,341 shares, the short-interest ratio is currently 0.5 days.

Nuveen Multi-Asset Income Fund Stock Performance

NYSE NMAI traded down $0.19 during trading hours on Friday, hitting $13.65. 174,497 shares of the company’s stock were exchanged, compared to its average volume of 110,966. The business’s 50 day moving average is $14.01 and its 200-day moving average is $13.74. Nuveen Multi-Asset Income Fund has a 12-month low of $11.99 and a 12-month high of $15.06.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.1160 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 10.2%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NMAI. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Multi-Asset Income Fund by 91.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 96,340 shares of the company’s stock worth $1,365,000 after purchasing an additional 45,899 shares during the period. Royal Bank of Canada lifted its stake in shares of Nuveen Multi-Asset Income Fund by 23.1% in the 1st 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 in the last quarter. Waverly Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at about $133,000. Cetera Investment Advisers grew its holdings in shares of Nuveen Multi-Asset Income Fund by 42.7% during the 1st quarter. Cetera Investment Advisers now owns 138,811 shares of the company’s stock worth $1,721,000 after purchasing an additional 41,566 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Nuveen Multi-Asset Income Fund by 5.3% during the 1st quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock worth $1,399,000 after purchasing an additional 5,708 shares during the period.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.