Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Rises By 581.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 218,985 shares, a growth of 581.8% from the December 31st total of 32,117 shares. Based on an average daily volume of 163,055 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 163,055 shares, the days-to-cover ratio is currently 1.3 days.

Nuveen Multi-Asset Income Fund Stock Down 0.2%

Shares of Nuveen Multi-Asset Income Fund stock traded down $0.03 during trading on Thursday, reaching $13.48. The company’s stock had a trading volume of 114,156 shares, compared to its average volume of 166,898. Nuveen Multi-Asset Income Fund has a 1-year low of $10.21 and a 1-year high of $13.51. The company has a 50-day simple moving average of $13.10 and a two-hundred day simple moving average of $12.93.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.116 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC boosted its stake in Nuveen Multi-Asset Income Fund by 60.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock worth $16,345,000 after purchasing an additional 475,298 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Nuveen Multi-Asset Income Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 919,362 shares of the company’s stock worth $11,933,000 after buying an additional 2,572 shares during the period. UBS Group AG lifted its stake in shares of Nuveen Multi-Asset Income Fund by 6.7% during the fourth quarter. UBS Group AG now owns 681,504 shares of the company’s stock worth $8,887,000 after buying an additional 42,990 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Nuveen Multi-Asset Income Fund by 85.4% during the second quarter. Wolverine Asset Management LLC now owns 406,739 shares of the company’s stock valued at $5,137,000 after buying an additional 187,332 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 52.7% in the 4th quarter. Shaker Financial Services LLC now owns 151,410 shares of the company’s stock valued at $1,974,000 after acquiring an additional 52,265 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.