Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Growth in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 8,100 shares, an increase of 170.0% from the April 30th total of 3,000 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 1.1 days.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM traded up $0.04 during midday trading on Tuesday, hitting $6.21. 2,949 shares of the stock traded hands, compared to its average volume of 6,812. Nuveen Multi-Market Income Fund has a 1-year low of $5.68 and a 1-year high of $6.47. The business's 50 day moving average price is $6.07 and its two-hundred day moving average price is $6.09.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of Nuveen Multi-Market Income Fund by 50.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock valued at $63,000 after acquiring an additional 3,506 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Nuveen Multi-Market Income Fund in the 1st quarter valued at approximately $119,000. Aviance Capital Partners LLC lifted its position in shares of Nuveen Multi-Market Income Fund by 22.5% in the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company's stock valued at $645,000 after acquiring an additional 19,560 shares in the last quarter. 1607 Capital Partners LLC lifted its position in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company's stock valued at $3,176,000 after acquiring an additional 8,850 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its position in shares of Nuveen Multi-Market Income Fund by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company's stock valued at $33,730,000 after acquiring an additional 192,829 shares in the last quarter. Institutional investors and hedge funds own 67.34% of the company's stock.

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.