Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Decreases By 34.9%

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 73,786 shares, a drop of 34.9% from the July 30th total of 113,268 shares. Based on an average trading volume of 57,600 shares, the days-to-cover ratio is presently 1.3 days.

Nuveen Global High Income Fund Trading Up 0.1%

Shares of JGH opened at $12.38 on Thursday. The stock has a fifty day moving average of $12.53 and a two-hundred day moving average of $12.59. Nuveen Global High Income Fund has a fifty-two week low of $11.80 and a fifty-two week high of $13.70.

Nuveen Global High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.1035 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in Nuveen Global High Income Fund in the 2nd quarter worth about $113,000. Royal Bank of Canada increased its stake in shares of Nuveen Global High Income Fund by 27.7% during the 1st quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after acquiring an additional 3,868 shares during the last quarter. Gould Asset Management LLC CA lifted its holdings in shares of Nuveen Global High Income Fund by 11.2% during the 1st quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock worth $301,000 after acquiring an additional 2,480 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Nuveen Global High Income Fund during the 1st quarter worth about $200,000. Finally, Calamos Advisors LLC boosted its position in shares of Nuveen Global High Income Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock worth $343,000 after acquiring an additional 3,345 shares during the last quarter.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.