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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 15,843 shares, an increase of 93.2% from the August 15th total of 8,202 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,368 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of JMM. Susquehanna International Group LLP boosted its position in shares of Nuveen Multi-Market Income Fund by 16.2% during the 2nd quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock valued at $168,000 after purchasing an additional 3,987 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Market Income Fund in the 1st quarter worth approximately $28,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares in the last quarter. 67.34% of the stock is owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Stock Up 0.1%

Shares of JMM traded up $0.01 during midday trading on Wednesday, reaching $5.58. The stock had a trading volume of 6,324 shares, compared to its average volume of 8,707. Nuveen Multi-Market Income Fund has a 52 week low of $5.55 and a 52 week high of $6.43. The firm’s 50 day moving average price is $5.78 and its 200-day moving average price is $5.84.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Nuveen Multi-Market Income Fund

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.