Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Expands By 581.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 218,985 shares, an increase of 581.8% from the December 31st total of 32,117 shares. Based on an average daily volume of 163,055 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 163,055 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several institutional investors have recently modified their holdings of NMAI. Allworth Financial LP lifted its position 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 buying an additional 2,022 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Nuveen Multi-Asset Income Fund in the 3rd quarter worth approximately $40,000. FNY Investment Advisers LLC boosted its stake in shares of Nuveen Multi-Asset Income Fund by 43.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock valued at $54,000 after purchasing an additional 1,300 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter valued at $135,000. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Nuveen Multi-Asset Income Fund in the 2nd quarter worth $164,000.

Nuveen Multi-Asset Income Fund Price Performance

NMAI stock traded up $0.02 during midday trading on Wednesday, reaching $13.48. The company had a trading volume of 103,958 shares, compared to its average volume of 169,831. The firm has a 50-day moving average price of $13.10 and a 200-day moving average price of $12.93. Nuveen Multi-Asset Income Fund has a 1 year low of $10.21 and a 1 year high of $13.50.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.116 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

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.