Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 169.2% in April

Nuveen Multi-Market Income Fund (NYSE:JMM – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,500 shares, an increase of 169.2% from the March 31st total of 1,300 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.4 days.

NYSE:JMM remained flat at $$6.25 during trading hours on Thursday. The company’s stock had a trading volume of 1,664 shares, compared to its average volume of 8,650. The business’s 50-day moving average price is $6.53 and its 200-day moving average price is $7.04. Nuveen Multi-Market Income Fund has a 12 month low of $6.21 and a 12 month high of $7.71.

The business also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, April 13th.

Large investors have recently modified their holdings of the business. BNC Wealth Management LLC purchased a new stake in Nuveen Multi-Market Income Fund in the 4th quarter valued at $81,000. Bank of America Corp DE grew its holdings in Nuveen Multi-Market Income Fund by 12.4% in the 2nd quarter. Bank of America Corp DE now owns 17,811 shares of the company’s stock valued at $133,000 after buying an additional 1,971 shares in the last quarter. BCK Partners Inc. purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter valued at $166,000. Kestra Advisory Services LLC purchased a new stake in Nuveen Multi-Market Income Fund in the 1st quarter valued at $196,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in Nuveen Multi-Market Income Fund by 9.7% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 39,811 shares of the company’s stock valued at $302,000 after buying an additional 3,534 shares in the last quarter. Institutional investors own 61.93% of the company’s stock.

Nuveen Multi-Market Income Fund Company Profile (Get Rating)

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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