Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Rises By 2,094.8%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 5,948 shares, a growth of 2,094.8% from the December 31st total of 271 shares. Based on an average trading volume of 9,639 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 9,639 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Multi-Market Income Fund Price Performance

Shares of Nuveen Multi-Market Income Fund stock opened at $6.15 on Thursday. The business has a 50-day simple moving average of $6.09 and a 200-day simple moving average of $6.22. Nuveen Multi-Market Income Fund has a one year low of $5.68 and a one year high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a $0.029 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in Nuveen Multi-Market Income Fund by 142.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock valued at $1,569,000 after acquiring an additional 146,395 shares during the period. Aviance Capital Partners LLC lifted its position in shares of Nuveen Multi-Market Income Fund by 17.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock valued at $854,000 after acquiring an additional 20,053 shares during the period. Seven Mile Advisory acquired a new position in Nuveen Multi-Market Income Fund during the third quarter worth $558,000. Susquehanna International Group LLP boosted its position in shares of Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after buying an additional 24,342 shares in the last quarter. Finally, M Holdings Securities Inc. purchased a new stake in shares of Nuveen Multi-Market Income Fund in the second quarter valued at about $230,000. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Company Profile

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.