Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 41.8% in August

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 106,666 shares, a drop of 41.8% from the August 15th total of 183,217 shares. Based on an average daily trading volume, of 77,144 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMAI. Waverly Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the first quarter worth approximately $133,000. Cassaday & Co Wealth Management LLC bought a new position in Nuveen Multi-Asset Income Fund during the 1st quarter worth $31,000. D.A. Davidson & CO. raised its stake in Nuveen Multi-Asset Income Fund by 0.6% in the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock valued at $1,627,000 after purchasing an additional 730 shares in the last quarter. Calamos Advisors LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 57,914 shares of the company’s stock worth $718,000 after acquiring an additional 6,895 shares during the period. Finally, NWF Advisory Services Inc. lifted its stake in Nuveen Multi-Asset Income Fund by 7.9% during the first quarter. NWF Advisory Services Inc. now owns 43,561 shares of the company’s stock worth $540,000 after purchasing an additional 3,200 shares during the last quarter.

Nuveen Multi-Asset Income Fund Stock Performance

Shares of NMAI traded down $0.29 during midday trading on Wednesday, hitting $13.82. The stock had a trading volume of 79,420 shares, compared to its average volume of 111,164. The company has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $13.77. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $15.06.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, September 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.