Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 38.7% in September

Key Points

• Short interest in the Nuveen Multi-Market Income Fund (NYSE:JMM) fell by 38.7% in September, totaling 3,800 shares as of September 30th.
• The fund recently announced a monthly dividend of $0.029 per share, which will be paid on November 3rd, with an ex-dividend date of October 15th.
• Institutional investors own 67.34% of the Nuveen Multi-Market Income Fund, with notable acquisitions from firms such as Aviance Capital Partners and Stratos Wealth Partners.

Nuveen Multi-Market Income Fund (NYSE:JMM - ) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 3,800 shares, a drop of 38.7% from the September 15th total of 6,200 shares. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of large investors have recently added to or reduced their stakes in JMM. Aviance Capital Partners LLC grew its stake in shares of Nuveen Multi-Market Income Fund by 2.0% during the second quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company's stock valued at $727,000 after buying an additional 2,299 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at $30,000. Stratos Wealth Partners LTD. boosted its stake in Nuveen Multi-Market Income Fund by 37.6% during 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. Sit Investment Associates Inc. boosted its position in shares of Nuveen Multi-Market Income Fund by 0.4% in the 1st quarter. Sit Investment Associates Inc. now owns 5,596,197 shares of the company's stock worth $34,808,000 after purchasing an additional 20,914 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new position in Nuveen Multi-Market Income Fund in the 2nd quarter worth about $230,000. Hedge funds and other institutional investors own 67.34% of the company's stock.

Nuveen Multi-Market Income Fund Price Performance

Nuveen Multi-Market Income Fund stock traded down $0.08 during trading on Wednesday, hitting $6.23. The stock had a trading volume of 4,638 shares, compared to its average volume of 3,571. The stock's 50 day moving average is $6.32 and its two-hundred day moving average is $6.23. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a $0.029 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 15th.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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