Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Significant Drop in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 32,117 shares, a decline of 17.4% from the December 15th total of 38,886 shares. Based on an average daily volume of 130,543 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 130,543 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Multi-Asset Income Fund Trading Up 0.4%

Shares of NMAI opened at $13.27 on Monday. Nuveen Multi-Asset Income Fund has a 52-week low of $10.21 and a 52-week high of $13.40. The business’s fifty day moving average is $13.07 and its 200-day moving average is $12.90.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.116 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 10.5%.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NMAI. Pathstone Holdings LLC raised its position in 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 purchasing an additional 475,298 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Nuveen Multi-Asset Income Fund by 0.3% in the third quarter. Penserra Capital Management LLC now owns 919,362 shares of the company’s stock valued at $11,933,000 after buying an additional 2,572 shares during the period. UBS Group AG raised its holdings in Nuveen Multi-Asset Income Fund by 9.5% in the 3rd quarter. UBS Group AG now owns 638,514 shares of the company’s stock valued at $8,288,000 after buying an additional 55,340 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Nuveen Multi-Asset Income Fund by 85.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 406,739 shares of the company’s stock worth $5,137,000 after buying an additional 187,332 shares during the period. Finally, Absolute Investment Advisers LLC boosted its position in Nuveen Multi-Asset Income Fund by 5.4% during the 2nd quarter. Absolute Investment Advisers LLC now owns 214,500 shares of the company’s stock worth $2,709,000 after buying an additional 10,900 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.