Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Growth in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 8,330 shares, a growth of 24.6% from the January 29th total of 6,688 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,426 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 2,426 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Hedge funds have recently made changes to their positions in the company. M Holdings Securities Inc. bought a new position in Nuveen Multi-Market Income Fund in the 2nd quarter worth approximately $230,000. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund in the 2nd quarter valued at $30,000. Aviance Capital Partners LLC raised its position in shares of Nuveen Multi-Market Income Fund by 17.3% during the third quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock worth $854,000 after acquiring an additional 20,053 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Nuveen Multi-Market Income Fund during the second quarter worth $647,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Nuveen Multi-Market Income Fund by 119.5% during 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. Institutional investors and hedge funds own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Price Performance

Shares of Nuveen Multi-Market Income Fund stock traded down $0.09 during midday trading on Tuesday, hitting $6.11. 5,806 shares of the company were exchanged, compared to its average volume of 5,748. Nuveen Multi-Market Income Fund has a 52 week low of $5.68 and a 52 week high of $6.52. The firm has a 50 day simple moving average of $6.13 and a 200-day simple moving average of $6.20.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.029 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

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.