Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 20,878 shares, a decrease of 79.6% from the May 14th total of 102,224 shares. Based on an average daily trading volume, of 154,735 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in NMAI. Pathstone Holdings LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 60.6% in the third quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock worth $16,345,000 after acquiring an additional 475,298 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 200.2% in the fourth quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock worth $2,623,000 after acquiring an additional 134,154 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 23.5% in the fourth quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock worth $5,126,000 after acquiring an additional 74,745 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 189.8% in the first quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock worth $1,187,000 after acquiring an additional 64,693 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Nuveen Multi-Asset Income Fund in the fourth quarter worth about $836,000.
Nuveen Multi-Asset Income Fund Trading Up 1.3%
Nuveen Multi-Asset Income Fund stock traded up $0.18 during trading hours on Friday, reaching $13.89. 71,438 shares of the stock were exchanged, compared to its average volume of 123,103. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $14.38. The stock has a 50 day moving average of $13.68 and a two-hundred day moving average of $13.34.
Nuveen Multi-Asset Income Fund Announces Dividend
Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.
The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.
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