Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Rises By 2,094.8%

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,948 shares, an increase of 2,094.8% from the December 31st total of 271 shares. Based on an average daily trading volume, of 9,639 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,639 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Nuveen Multi-Market Income Fund during the 2nd quarter worth approximately $30,000. Stratos Wealth Partners LTD. grew its stake in shares of Nuveen Multi-Market Income Fund by 37.6% in the second quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock worth $165,000 after acquiring an additional 7,174 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund in the second quarter worth $230,000. Susquehanna International Group LLP grew its stake in shares of Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after acquiring an additional 24,342 shares in the last quarter. Finally, Seven Mile Advisory purchased a new stake in shares of Nuveen Multi-Market Income Fund during the third quarter worth $558,000. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM stock traded down $0.04 on Tuesday, hitting $6.16. The stock had a trading volume of 6,793 shares, compared to its average volume of 7,594. The company’s 50 day moving average price is $6.09 and its 200-day moving average price is $6.22. Nuveen Multi-Market Income Fund has a 1 year low of $5.68 and a 1 year high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.