Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 8,100 shares, a growth of 170.0% from the April 30th total of 3,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 1.1 days.
Institutional Investors Weigh In On Nuveen Multi-Market Income Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in Nuveen Multi-Market Income Fund by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,456 shares of the company's stock valued at $63,000 after buying an additional 3,506 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Nuveen Multi-Market Income Fund during the 1st quarter worth $119,000. Aviance Capital Partners LLC increased its holdings in 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 worth $645,000 after purchasing an additional 19,560 shares in the last quarter. 1607 Capital Partners LLC raised its position in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company's stock valued at $3,176,000 after purchasing an additional 8,850 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its position in Nuveen Multi-Market Income Fund by 3.6% in the fourth quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company's stock valued at $33,730,000 after purchasing an additional 192,829 shares during the last quarter. 67.34% of the stock is owned by institutional investors.
Nuveen Multi-Market Income Fund Trading Down 0.1%
Shares of JMM stock traded down $0.01 during trading hours on Friday, reaching $6.15. The company's stock had a trading volume of 7,643 shares, compared to its average volume of 6,870. Nuveen Multi-Market Income Fund has a fifty-two week low of $5.68 and a fifty-two week high of $6.47. The firm's 50 day simple moving average is $6.07 and its 200-day simple moving average is $6.08.
Nuveen Multi-Market Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 5.66%. The ex-dividend date is Thursday, May 15th.
Nuveen Multi-Market Income Fund Company Profile
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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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