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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 12,600 shares, an increase of 207.3% from the March 15th total of 4,100 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JMM. 1607 Capital Partners LLC lifted its stake in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after purchasing an additional 8,850 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in shares of Nuveen Multi-Market Income Fund by 3.6% during the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock worth $33,730,000 after purchasing an additional 192,829 shares during the period. Wells Fargo & Company MN raised its position in shares of Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after buying an additional 3,506 shares during the last quarter. Aviance Capital Partners LLC lifted its stake in shares of Nuveen Multi-Market Income Fund by 22.5% in the fourth quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after buying an additional 19,560 shares during the period. Finally, Transform Wealth LLC bought a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at about $326,000. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Trading Up 0.6 %

NYSE:JMM traded up $0.04 on Tuesday, hitting $5.94. 4,345 shares of the company’s stock traded hands, compared to its average volume of 6,574. The firm has a 50-day moving average price of $6.12 and a 200-day moving average price of $6.10. Nuveen Multi-Market Income Fund has a 1 year low of $5.68 and a 1 year high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.