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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 9,715 shares, a decrease of 44.3% from the September 15th total of 17,440 shares. Based on an average trading volume of 10,471 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of JMM. Susquehanna International Group LLP grew its position in Nuveen Multi-Market Income Fund by 16.2% in the 2nd quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock valued at $168,000 after acquiring an additional 3,987 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in Nuveen Multi-Market Income Fund during the third quarter worth about $74,000. Finally, Fifth Third Bancorp purchased a new stake in Nuveen Multi-Market Income Fund during the first quarter worth about $28,000. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Stock Up 0.9%

NYSE JMM traded up $0.05 on Thursday, reaching $5.61. The stock had a trading volume of 3,719 shares, compared to its average volume of 8,826. Nuveen Multi-Market Income Fund has a 12-month low of $5.31 and a 12-month high of $6.37. The stock has a fifty day moving average price of $5.68 and a two-hundred day moving average price of $5.78.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0290 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.35 annualized dividend and a yield of 6.2%.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment company managed by Nuveen, an asset manager specializing in income-oriented and other investment strategies. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, the fund invests in a diversified portfolio of fixed-income securities and other debt-related investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage-backed securities, asset-backed securities, and other income-producing instruments.