Short Interest in Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE:JEMD) Expands By 91.7%

Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE:JEMDGet Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 2,300 shares, an increase of 91.7% from the April 30th total of 1,200 shares. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NYSE:JEMD opened at $6.90 on Friday. Nuveen Emerging Markets Debt 2022 Target Term Fund has a 52-week low of $6.61 and a 52-week high of $8.37. The company has a 50 day moving average of $6.92 and a two-hundred day moving average of $7.27.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be paid a dividend of $0.0305 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.37 dividend on an annualized basis and a yield of 5.30%.

A number of hedge funds and other institutional investors have recently modified their holdings of JEMD. Steward Partners Investment Advisory LLC grew its stake in Nuveen Emerging Markets Debt 2022 Target Term Fund by 83.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 33,298 shares of the company’s stock worth $233,000 after purchasing an additional 15,158 shares in the last quarter. BlackDiamond Wealth Management Inc. acquired a new stake in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund during the 1st quarter valued at approximately $235,000. Logan Stone Capital LLC acquired a new position in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund in the 4th quarter valued at about $180,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 7.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 93,136 shares of the company’s stock valued at $706,000 after buying an additional 6,304 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Nuveen Emerging Markets Debt 2022 Target Term Fund by 15.3% in the 4th quarter. Raymond James & Associates now owns 20,075 shares of the company’s stock valued at $152,000 after buying an additional 2,667 shares during the period.

About Nuveen Emerging Markets Debt 2022 Target Term Fund (Get Rating)

Nuveen Emerging Markets Debt 2022 Target Term Fund seeks to provide a high level of current income and return the original $9.85 net asset value per common share on or about 1 Dec 2022.*

The Fund invests at least 80% of its Managed Assets in emerging market debt securities and may invest without limit in investment grade securities and securities rated below investment grade.

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