Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Decreases By 66.6%

Nuveen Multi-Market Income Fund (NYSE:JMMGet Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 493 shares, a decrease of 66.6% from the May 14th total of 1,477 shares. Based on an average daily volume of 9,087 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after acquiring an additional 2,880 shares in the last quarter. Raymond James Financial Inc. bought a new position in Nuveen Multi-Market Income Fund in the second quarter worth approximately $30,000. Fifth Third Bancorp bought a new position in Nuveen Multi-Market Income Fund in the first quarter worth approximately $28,000. Stratos Wealth Partners LTD. boosted its holdings in Nuveen Multi-Market Income Fund by 32.7% in the third quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock worth $219,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Nuveen Multi-Market Income Fund in the fourth quarter worth approximately $85,000. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of Nuveen Multi-Market Income Fund stock opened at $5.80 on Thursday. The stock’s 50-day moving average is $5.84 and its 200 day moving average is $5.99. Nuveen Multi-Market Income Fund has a one year low of $5.67 and a one year high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.029 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.0%.

Nuveen Multi-Market Income Fund Company Profile

(Get Free Report)

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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