Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Jumps 76.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 188,608 shares, an increase of 76.8% from the August 31st total of 106,666 shares. Based on an average daily trading volume, of 89,323 shares, the days-to-cover ratio is currently 2.1 days.

Nuveen Multi-Asset Income Fund Trading Up 1.6%

NYSE:NMAI traded up $0.23 on Tuesday, hitting $14.23. The stock had a trading volume of 96,160 shares, compared to its average volume of 109,483. The business’s 50-day simple moving average is $14.27 and its two-hundred day simple moving average is $13.81. Nuveen Multi-Asset Income Fund has a 52-week low of $11.99 and a 52-week high of $15.06.

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Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.1160 dividend. This represents a $1.39 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at $31,000. Fifth Third Bancorp bought a new position in Nuveen Multi-Asset Income Fund in the 1st quarter worth $41,000. Allworth Financial LP purchased a new position in Nuveen Multi-Asset Income Fund during the second quarter valued at $64,000. Waverly Advisors LLC purchased a new position in Nuveen Multi-Asset Income Fund during the first quarter valued at $133,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Nuveen Multi-Asset Income Fund during the first quarter valued at $169,000.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide a high level of current income while also pursuing total return through a diversified, multi-asset investment strategy.

NMAI invests across a range of income-producing securities and asset classes, which may include corporate and government bonds, high-yield debt, preferred securities, convertible securities, mortgage-related investments and dividend-paying equities.

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