Nuveen Global High Income Fund (NYSE:JGH – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 73,786 shares, a decrease of 34.9% from the July 30th total of 113,268 shares. Based on an average daily trading volume, of 57,600 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in shares of Nuveen Global High Income Fund by 22.0% in the third quarter. Ameriprise Financial Inc. now owns 19,375 shares of the company’s stock valued at $262,000 after buying an additional 3,497 shares in the last quarter. Kovack Advisors Inc. bought a new stake in shares of Nuveen Global High Income Fund during the fourth quarter worth about $191,000. Comerica Bank increased its position in shares of Nuveen Global High Income Fund by 38.2% during the third quarter. Comerica Bank now owns 7,137 shares of the company’s stock worth $96,000 after acquiring an additional 1,974 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Global High Income Fund in the 2nd quarter worth about $113,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Global High Income Fund in the 1st quarter worth about $200,000.
Nuveen Global High Income Fund Trading Up 0.1%
Nuveen Global High Income Fund stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.39. The stock had a trading volume of 2,416 shares, compared to its average volume of 91,194. Nuveen Global High Income Fund has a fifty-two week low of $11.80 and a fifty-two week high of $13.70. The stock’s 50-day simple moving average is $12.54 and its 200-day simple moving average is $12.59.
Nuveen Global High Income Fund Dividend Announcement
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.
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