Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 38,886 shares, a decrease of 40.0% from the November 30th total of 64,768 shares. Based on an average daily volume of 146,160 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 146,160 shares, the short-interest ratio is currently 0.3 days.

Nuveen Multi-Asset Income Fund Price Performance

NYSE NMAI traded up $0.04 on Tuesday, hitting $13.06. 185,450 shares of the company traded hands, compared to its average volume of 110,638. The business’s 50 day moving average price is $13.05 and its 200-day moving average price is $12.82. Nuveen Multi-Asset Income Fund has a 52-week low of $10.21 and a 52-week high of $13.39.

Nuveen Multi-Asset Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.116 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several large investors have recently added to or reduced their stakes in NMAI. Integrated Wealth Concepts LLC lifted its stake in shares of Nuveen Multi-Asset Income Fund by 16.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 22,181 shares of the company’s stock valued at $288,000 after buying an additional 3,061 shares in the last quarter. Bank of America Corp DE raised its holdings in Nuveen Multi-Asset Income Fund by 14.3% during the third quarter. Bank of America Corp DE now owns 58,182 shares of the company’s stock valued at $755,000 after acquiring an additional 7,284 shares during the period. Pathstone Holdings LLC lifted its position 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 valued at $16,345,000 after acquiring an additional 475,298 shares in the last quarter. SFG Wealth Management LLC. purchased a new position in shares of Nuveen Multi-Asset Income Fund in the third quarter valued at about $378,000. Finally, UBS Group AG boosted its stake in shares of Nuveen Multi-Asset Income Fund by 9.5% in the third quarter. UBS Group AG now owns 638,514 shares of the company’s stock worth $8,288,000 after acquiring an additional 55,340 shares during the period.

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.