Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,477 shares, a decline of 47.1% from the April 30th total of 2,791 shares. Based on an average daily volume of 10,491 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Nuveen Multi-Market Income Fund Stock Up 0.4%

Shares of Nuveen Multi-Market Income Fund stock traded up $0.03 during trading on Tuesday, reaching $5.82. 2,413 shares of the company were exchanged, compared to its average volume of 9,610. Nuveen Multi-Market Income Fund has a twelve month low of $5.67 and a twelve month high of $6.52. The business has a 50-day moving average price of $5.84 and a 200-day moving average price of $6.01.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.029 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in Nuveen Multi-Market Income Fund by 142.0% in the third 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. Wolverine Asset Management LLC acquired a new position in Nuveen Multi-Market Income Fund in the fourth quarter valued at about $85,000. Sit Investment Associates Inc. grew its stake in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after acquiring an additional 96,877 shares during the period. Susquehanna International Group LLP grew its stake in Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after acquiring an additional 24,342 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Nuveen Multi-Market Income Fund in the second quarter valued at about $30,000. 67.34% of the stock is owned by institutional investors and hedge funds.

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.