Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Down 79.6% in May

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 20,878 shares, a drop of 79.6% from the May 14th total of 102,224 shares. Based on an average trading volume of 154,735 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMAI. Pathstone Holdings LLC raised its holdings in Nuveen Multi-Asset Income Fund by 60.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock worth $16,345,000 after purchasing an additional 475,298 shares during the last quarter. Stifel Financial Corp raised its holdings in Nuveen Multi-Asset Income Fund by 200.2% during the 4th quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock worth $2,623,000 after purchasing an additional 134,154 shares during the last quarter. LPL Financial LLC raised its holdings in Nuveen Multi-Asset Income Fund by 23.5% during the 4th quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock worth $5,126,000 after purchasing an additional 74,745 shares during the last quarter. Royal Bank of Canada raised its holdings in Nuveen Multi-Asset Income Fund by 189.8% during the 1st quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock worth $1,187,000 after purchasing an additional 64,693 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Nuveen Multi-Asset Income Fund during the 4th quarter worth about $836,000.

Nuveen Multi-Asset Income Fund Trading Down 0.3%

NMAI traded down $0.04 during midday trading on Wednesday, hitting $13.51. The company had a trading volume of 89,689 shares, compared to its average volume of 124,246. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $14.38. The firm’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $13.33.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.116 per share. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, June 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.