Nuveen Multi-Market Income Fund (NYSE:JMM) Shares Shorted: Short Interest Down 44.3% in September

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,715 shares, a decline of 44.3% from the September 15th total of 17,440 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 10,471 shares, the short-interest ratio is presently 0.9 days.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM stock traded down $0.02 during trading hours on Friday, reaching $5.59. The company had a trading volume of 8,273 shares, compared to its average volume of 10,193. Nuveen Multi-Market Income Fund has a 1-year low of $5.31 and a 1-year high of $6.37. The company has a 50 day moving average of $5.67 and a 200 day moving average of $5.78.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.0290 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors have recently modified their holdings of JMM. Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Market Income Fund in the 1st quarter valued at approximately $28,000. Shaker Financial Services LLC bought a new stake in Nuveen Multi-Market Income Fund in the third quarter valued at approximately $74,000. Finally, Susquehanna International Group LLP raised its holdings in Nuveen Multi-Market Income Fund by 16.2% in the second quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock worth $168,000 after purchasing an additional 3,987 shares during the period. 67.34% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment company managed by Nuveen, an asset manager specializing in income-oriented and other investment strategies. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, the fund invests in a diversified portfolio of fixed-income securities and other debt-related investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage-backed securities, asset-backed securities, and other income-producing instruments.