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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 35,034 shares, a drop of 84.0% from the January 15th total of 218,985 shares. Based on an average daily trading volume, of 163,972 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 163,972 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in shares of Nuveen Multi-Asset Income Fund by 412.7% in the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock valued at $32,000 after purchasing an additional 2,022 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Nuveen Multi-Asset Income Fund during the 3rd quarter worth $40,000. FNY Investment Advisers LLC lifted its holdings in Nuveen Multi-Asset Income Fund by 43.3% during the second quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock worth $54,000 after acquiring an additional 1,300 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Nuveen Multi-Asset Income Fund in the fourth quarter worth $131,000. Finally, International Assets Investment Management LLC acquired a new position in Nuveen Multi-Asset Income Fund during the second quarter worth $135,000.

Nuveen Multi-Asset Income Fund Stock Performance

Shares of NMAI stock traded down $0.05 during mid-day trading on Wednesday, reaching $13.83. The company’s stock had a trading volume of 57,620 shares, compared to its average volume of 151,931. The company’s 50 day simple moving average is $13.21 and its 200-day simple moving average is $13.00. Nuveen Multi-Asset Income Fund has a 12-month low of $10.21 and a 12-month high of $13.96.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a $0.116 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.1%.

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.