Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Large Growth in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 56,517 shares, a growth of 61.3% from the January 29th total of 35,034 shares. Based on an average daily volume of 132,430 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 132,430 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Multi-Asset Income Fund Stock Performance

Shares of NYSE:NMAI traded up $0.06 on Friday, reaching $13.79. 97,387 shares of the company’s stock were exchanged, compared to its average volume of 138,366. Nuveen Multi-Asset Income Fund has a twelve month low of $10.21 and a twelve month high of $13.95. The company has a fifty day moving average of $13.38 and a 200-day moving average of $13.10.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Friday, February 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NMAI. Allworth Financial LP lifted its position in Nuveen Multi-Asset Income Fund by 412.7% during the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock worth $32,000 after purchasing an additional 2,022 shares during the period. Atlantic Union Bankshares Corp bought a new position in Nuveen Multi-Asset Income Fund in the 3rd quarter valued at about $40,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 942.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after acquiring an additional 2,968 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 4th quarter worth approximately $68,000.

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.