Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 47.1% in May

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,477 shares, a decrease of 47.1% from the April 30th total of 2,791 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,491 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several hedge funds have recently modified their holdings of JMM. Fifth Third Bancorp bought a new position in shares of Nuveen Multi-Market Income Fund in the 1st quarter valued at about $28,000. Raymond James Financial Inc. bought a new position in shares of Nuveen Multi-Market Income Fund in the 2nd quarter valued at about $30,000. Wolverine Asset Management LLC bought a new position in shares of Nuveen Multi-Market Income Fund in the 4th quarter valued at about $85,000. Stratos Wealth Partners LTD. grew its holdings in shares of Nuveen Multi-Market Income Fund by 32.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after acquiring an additional 24,342 shares in the last quarter. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Price Performance

JMM stock traded down $0.01 during trading hours on Monday, reaching $5.82. 3,769 shares of the stock were exchanged, compared to its average volume of 8,741. The firm’s 50-day moving average is $5.84 and its 200-day moving average is $6.01. Nuveen Multi-Market Income Fund has a 12 month low of $5.67 and a 12 month high of $6.52.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.029 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.