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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 15,843 shares, an increase of 93.2% from the August 15th total of 8,202 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 10,368 shares, the days-to-cover ratio is presently 1.5 days.

Nuveen Multi-Market Income Fund Stock Up 0.9%

Nuveen Multi-Market Income Fund stock traded up $0.05 during trading hours on Thursday, hitting $5.64. The stock had a trading volume of 3,054 shares, compared to its average volume of 8,673. The stock’s 50-day moving average price is $5.78 and its 200-day moving average price is $5.83. Nuveen Multi-Market Income Fund has a 12-month low of $5.55 and a 12-month high of $6.43.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.029 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Nuveen Multi-Market Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP lifted its stake in Nuveen Multi-Market Income Fund by 16.2% during 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 during the period. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Market Income Fund in the first quarter worth approximately $28,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after purchasing an additional 96,877 shares during the last quarter. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment fund managed by Nuveen. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities.

Its portfolio may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, municipal bonds, and other domestic and international debt instruments. The fund can invest across credit-quality categories and market sectors, including below-investment-grade securities, in an effort to pursue income opportunities across changing market conditions.

Nuveen, the fund’s investment manager, is an asset-management firm specializing in income-oriented investments and serving institutional and individual investors.