Nuveen Global High Income Fund (NYSE:JGH) Short Interest Update

Nuveen Global High Income Fund (NYSE:JGH) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 140,623 shares, a growth of 30.4% from the January 29th total of 107,852 shares. Based on an average daily volume of 91,183 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 91,183 shares, the short-interest ratio is currently 1.5 days.

Nuveen Global High Income Fund Stock Performance

Shares of JGH remained flat at $12.76 during mid-day trading on Monday. 105,239 shares of the company were exchanged, compared to its average volume of 117,283. The company has a 50-day moving average of $12.77 and a two-hundred day moving average of $12.96. Nuveen Global High Income Fund has a 12-month low of $10.51 and a 12-month high of $13.70.

Nuveen Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $0.1035 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Friday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JGH. McGowan Group Asset Management Inc. boosted its holdings in shares of Nuveen Global High Income Fund by 1.2% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,752,362 shares of the company’s stock valued at $48,518,000 after buying an additional 45,641 shares in the last quarter. Sit Investment Associates Inc. grew its position in Nuveen Global High Income Fund by 4,079.2% in the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after buying an additional 2,834,217 shares during the last quarter. Yakira Capital Management Inc. acquired a new position in shares of Nuveen Global High Income Fund during the fourth quarter worth about $9,004,000. Invesco Ltd. raised its stake in shares of Nuveen Global High Income Fund by 13.9% during the 4th quarter. Invesco Ltd. now owns 570,793 shares of the company’s stock worth $7,198,000 after buying an additional 69,793 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Nuveen Global High Income Fund by 13.3% during the 4th quarter. LPL Financial LLC now owns 398,267 shares of the company’s stock worth $5,022,000 after purchasing an additional 46,762 shares in the last quarter.

Nuveen Global High Income Fund Company Profile

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.