Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Large Drop in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 38,886 shares, a decline of 40.0% from the November 30th total of 64,768 shares. Based on an average daily volume of 146,160 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 146,160 shares, the days-to-cover ratio is currently 0.3 days.

Nuveen Multi-Asset Income Fund Trading Down 0.3%

NYSE:NMAI traded down $0.04 during trading hours on Monday, reaching $13.00. 87,356 shares of the company’s stock were exchanged, compared to its average volume of 110,337. Nuveen Multi-Asset Income Fund has a 12 month low of $10.21 and a 12 month high of $13.39. The business’s 50-day simple moving average is $13.05 and its two-hundred day simple moving average is $12.82.

Nuveen Multi-Asset Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.116 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 10.7%.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its stake in Nuveen Multi-Asset Income Fund by 412.7% in the 2nd quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock worth $32,000 after purchasing an additional 2,022 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Nuveen Multi-Asset Income Fund in the third quarter worth about $40,000. FNY Investment Advisers LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 43.3% in the second quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock worth $54,000 after acquiring an additional 1,300 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the second quarter valued at approximately $135,000. Finally, Capital Market Strategies LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the second quarter valued at approximately $146,000.

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.