Nuveen Global High Income Fund (NYSE:JGH) Stock Price Down 0.8% – Here’s Why

Shares of Nuveen Global High Income Fund (NYSE:JGH) traded down 0.8% on Thursday . The company traded as low as $12.36 and last traded at $12.4250. 80,680 shares traded hands during trading, a decline of 18% from the average daily volume of 98,550 shares. The stock had previously closed at $12.53.

Nuveen Global High Income Fund Stock Down 0.8%

The business’s 50 day moving average is $12.66 and its 200-day moving average is $12.66.

Nuveen Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.1035 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its holdings in shares of Nuveen Global High Income Fund by 4,079.2% in the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after buying an additional 2,834,217 shares during the period. Yakira Capital Management Inc. acquired a new stake in shares of Nuveen Global High Income Fund during the 4th quarter worth approximately $9,004,000. Invesco Ltd. lifted its holdings in shares of Nuveen Global High Income Fund by 13.9% in the 4th quarter. Invesco Ltd. now owns 570,793 shares of the company’s stock worth $7,198,000 after purchasing an additional 69,793 shares during the last quarter. LPL Financial LLC boosted its position in Nuveen Global High Income Fund by 13.3% during the 4th quarter. LPL Financial LLC now owns 398,267 shares of the company’s stock valued at $5,022,000 after purchasing an additional 46,762 shares during the period. Finally, Absolute Investment Advisers LLC bought a new position in Nuveen Global High Income Fund during the 4th quarter worth $3,144,000.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.