Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Grows By 129.6%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 59,854 shares, an increase of 129.6% from the June 30th total of 26,070 shares. Based on an average daily trading volume, of 99,129 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in Nuveen Multi-Asset Income Fund by 0.6% in the 1st quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock valued at $1,627,000 after buying an additional 730 shares during the last quarter. NWF Advisory Services Inc. boosted its stake in shares of Nuveen Multi-Asset Income Fund by 1.9% in the 4th quarter. NWF Advisory Services Inc. now owns 40,361 shares of the company’s stock worth $526,000 after buying an additional 750 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Nuveen Multi-Asset Income Fund by 7.5% in the fourth quarter. Invesco Ltd. now owns 14,436 shares of the company’s stock valued at $188,000 after acquiring an additional 1,013 shares in the last quarter. PMG Family Office LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 3.9% during the first quarter. PMG Family Office LLC now owns 45,926 shares of the company’s stock valued at $575,000 after acquiring an additional 1,705 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 7.7% during the second quarter. NewEdge Advisors LLC now owns 29,779 shares of the company’s stock valued at $376,000 after acquiring an additional 2,129 shares during the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

NYSE:NMAI traded down $0.18 during trading hours on Wednesday, hitting $13.64. 68,198 shares of the company traded hands, compared to its average volume of 116,679. The firm’s 50-day simple moving average is $13.90 and its 200-day simple moving average is $13.55. Nuveen Multi-Asset Income Fund has a one year low of $11.99 and a one year high of $14.38.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.