Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Rises 76.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 188,608 shares, an increase of 76.8% from the August 31st total of 106,666 shares. Based on an average daily trading volume, of 89,323 shares, the days-to-cover ratio is currently 2.1 days.

Nuveen Multi-Asset Income Fund Trading Up 0.9%

NMAI stock traded up $0.14 during trading hours on Wednesday, hitting $14.36. 85,446 shares of the stock traded hands, compared to its average volume of 109,354. The stock has a 50-day simple moving average of $14.29 and a 200 day simple moving average of $13.83. Nuveen Multi-Asset Income Fund has a one year low of $11.99 and a one year high of $15.06.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.1160 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.39 annualized dividend and a dividend yield of 9.7%.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NMAI. First Trust Advisors LP boosted its holdings in Nuveen Multi-Asset Income Fund by 5.3% during the first quarter. First Trust Advisors LP now owns 112,821 shares of the company’s stock worth $1,399,000 after buying an additional 5,708 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the first quarter worth $31,000. D.A. Davidson & CO. lifted its stake in Nuveen Multi-Asset Income Fund by 0.6% during the first quarter. D.A. Davidson & CO. now owns 131,230 shares of the company’s stock valued at $1,627,000 after buying an additional 730 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Nuveen Multi-Asset Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 57,914 shares of the company’s stock valued at $718,000 after acquiring an additional 6,895 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the first quarter valued at approximately $41,000.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide a high level of current income while also pursuing total return through a diversified, multi-asset investment strategy.

NMAI invests across a range of income-producing securities and asset classes, which may include corporate and government bonds, high-yield debt, preferred securities, convertible securities, mortgage-related investments and dividend-paying equities.