Nuveen Global High Income Fund (NYSE:JGH) Trading Down 0.7% – What’s Next?

Shares of Nuveen Global High Income Fund (NYSE:JGH) dropped 0.7% during trading on Monday . The company traded as low as $12.61 and last traded at $12.6950. Approximately 92,675 shares were traded during trading, a decline of 5% from the average daily volume of 97,857 shares. The stock had previously closed at $12.78.

Nuveen Global High Income Fund Stock Down 0.7%

The company’s fifty day moving average is $12.54 and its 200 day moving average is $12.66.

Nuveen Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.1035 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 9.8%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Several hedge funds have recently made changes to their positions in the stock. Sit Investment Associates Inc. raised its stake in shares of Nuveen Global High Income Fund by 4,079.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after purchasing an additional 2,834,217 shares during the period. Yakira Capital Management Inc. bought a new position in Nuveen Global High Income Fund in the 4th quarter worth about $9,004,000. Absolute Investment Advisers LLC bought a new position in Nuveen Global High Income Fund in the 4th quarter worth about $3,144,000. Balyasny Asset Management L.P. purchased a new position in Nuveen Global High Income Fund during the 4th quarter valued at about $1,665,000. Finally, Readystate Asset Management LP purchased a new position in Nuveen Global High Income Fund during the 4th quarter valued at about $1,192,000.

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.