Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Key Points

• Short interest dropped 44.6% to 4,614 shares as of Feb. 27, equal to about 0.1% of shares and a short-interest ratio of 0.7 days.
• Monthly dividend declared: $0.029 per share (record date Mar. 13, payable Apr. 1), implying an annualized yield of about 5.9%.
• Shares traded at $5.90 (50-day SMA $6.13, 200-day SMA $6.18; 52‑week range $5.68–$6.52), and institutional investors own roughly 67.34% of the fund.

Nuveen Multi-Market Income Fund (NYSE:JMM - Get Free Report) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 4,614 shares, a drop of 44.6% from the February 12th total of 8,330 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,163 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 6,163 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM traded down $0.05 during trading hours on Thursday, hitting $5.90. 2,213 shares of the company were exchanged, compared to its average volume of 10,406. The firm has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $6.18. Nuveen Multi-Market Income Fund has a one year low of $5.68 and a one year high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.029 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Trading of Nuveen Multi-Market Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. M Holdings Securities Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund in the second quarter worth about $230,000. Advisors Asset Management Inc. raised its stake in Nuveen Multi-Market Income Fund by 142.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company's stock valued at $1,569,000 after purchasing an additional 146,395 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at $85,000. Susquehanna International Group LLP grew its holdings in shares of Nuveen Multi-Market Income Fund by 119.5% during the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company's stock valued at $281,000 after buying an additional 24,342 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Nuveen Multi-Market Income Fund in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 67.34% of the company's stock.

Nuveen Multi-Market Income Fund Company Profile

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.

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