Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Grows By 1,669.0%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 8,721 shares, an increase of 1,669.0% from the May 31st total of 493 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 16,931 shares, the short-interest ratio is currently 0.5 days.

Nuveen Multi-Market Income Fund Stock Up 0.3%

NYSE:JMM traded up $0.02 during mid-day trading on Thursday, reaching $5.83. 2,038 shares of the company’s stock traded hands, compared to its average volume of 12,331. Nuveen Multi-Market Income Fund has a 12-month low of $5.67 and a 12-month high of $6.52. The company has a 50 day moving average price of $5.82 and a 200-day moving average price of $5.96.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.029 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Nuveen Multi-Market Income Fund during the second quarter valued at approximately $30,000. Seven Mile Advisory bought a new position in Nuveen Multi-Market Income Fund in the 3rd quarter worth $558,000. Susquehanna International Group LLP raised its holdings in Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after purchasing an additional 24,342 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund in the 4th quarter worth about $85,000. Finally, Sit Investment Associates Inc. lifted its position in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the period. 67.34% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.