Short Interest in Nuveen Global High Income Fund (NYSE:JGH) Expands By 399.3%

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 107,852 shares, an increase of 399.3% from the January 15th total of 21,599 shares. Based on an average daily trading volume, of 137,747 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 137,747 shares, the short-interest ratio is currently 0.8 days.

Nuveen Global High Income Fund Stock Performance

Shares of NYSE JGH opened at $12.98 on Wednesday. The stock’s 50 day moving average price is $12.68 and its 200-day moving average price is $13.00. Nuveen Global High Income Fund has a twelve month low of $10.51 and a twelve month high of $13.70.

Nuveen Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.1035 dividend. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Friday, February 13th.

Institutional Investors Weigh In On Nuveen Global High Income Fund

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in Nuveen Global High Income Fund during the third quarter worth about $25,000. International Assets Investment Management LLC bought a new position in Nuveen Global High Income Fund during the fourth quarter valued at $30,000. Newbridge Financial Services Group Inc. purchased a new stake in Nuveen Global High Income Fund in the second quarter worth $78,000. Comerica Bank raised its stake in shares of Nuveen Global High Income Fund by 38.2% in the third quarter. Comerica Bank now owns 7,137 shares of the company’s stock valued at $96,000 after buying an additional 1,974 shares during the period. Finally, Clarion Wealth Managment Partners LLC purchased a new position in shares of Nuveen Global High Income Fund during the 2nd quarter valued at $169,000.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.