Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 8,330 shares, an increase of 24.6% from the January 29th total of 6,688 shares. Based on an average trading volume of 2,426 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,426 shares, the days-to-cover ratio is presently 3.4 days.

Nuveen Multi-Market Income Fund Trading Down 0.5%

Shares of NYSE JMM traded down $0.03 during trading hours on Wednesday, hitting $6.06. 14,741 shares of the stock were exchanged, compared to its average volume of 4,851. The firm has a fifty day moving average price of $6.13 and a 200-day moving average price of $6.19. Nuveen Multi-Market Income Fund has a 12 month low of $5.68 and a 12 month high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $0.029 per share. The ex-dividend date was Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its holdings in Nuveen Multi-Market Income Fund by 142.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock valued at $1,569,000 after purchasing an additional 146,395 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after acquiring an additional 96,877 shares in the last quarter. Seven Mile Advisory purchased a new position in shares of Nuveen Multi-Market Income Fund in the third quarter valued at approximately $558,000. M Holdings Securities Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund in the second quarter worth $230,000. Finally, Susquehanna International Group LLP grew its stake in Nuveen Multi-Market Income Fund by 119.5% during the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after purchasing an additional 24,342 shares in the last quarter. Institutional investors and hedge funds own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.