Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Decreases By 36.8%

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 113,268 shares, a decline of 36.8% from the July 15th total of 179,289 shares. Based on an average daily trading volume, of 125,991 shares, the short-interest ratio is currently 0.9 days.

Nuveen Global High Income Fund Trading Down 0.1%

Shares of NYSE:JGH traded down $0.01 during mid-day trading on Wednesday, reaching $12.44. 32,190 shares of the company traded hands, compared to its average volume of 93,598. The company’s 50 day moving average price is $12.61 and its 200-day moving average price is $12.63. Nuveen Global High Income Fund has a 52 week low of $11.80 and a 52 week high of $13.70.

Nuveen Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.1035 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Trading of Nuveen Global High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. lifted its stake in shares of Nuveen Global High Income Fund by 4,079.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after buying an additional 2,834,217 shares in the last quarter. Yakira Capital Management Inc. bought a new position in Nuveen Global High Income Fund in the 4th quarter worth $9,004,000. Invesco Ltd. increased its stake in Nuveen Global High Income Fund by 13.9% in the 4th quarter. Invesco Ltd. now owns 570,793 shares of the company’s stock worth $7,198,000 after buying an additional 69,793 shares in the last quarter. LPL Financial LLC increased its stake in Nuveen Global High Income Fund by 13.3% in the 4th quarter. LPL Financial LLC now owns 398,267 shares of the company’s stock worth $5,022,000 after buying an additional 46,762 shares in the last quarter. Finally, Absolute Investment Advisers LLC bought a new stake in Nuveen Global High Income Fund during the fourth quarter valued at about $3,144,000.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.