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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 70,356 shares, a growth of 134.5% from the February 26th total of 29,997 shares. Based on an average daily trading volume, of 130,282 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the third quarter valued at approximately $40,000. Garton & Associates Financial Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the fourth quarter worth approximately $42,000. Wells Fargo & Company MN increased its stake in Nuveen Multi-Asset Income Fund by 942.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after acquiring an additional 2,968 shares during the period. Kestra Advisory Services LLC bought a new position in Nuveen Multi-Asset Income Fund during the 4th quarter worth $68,000. Finally, J.W. Cole Advisors Inc. bought a new position in Nuveen Multi-Asset Income Fund during the 4th quarter worth $131,000.

Nuveen Multi-Asset Income Fund Trading Down 2.3%

Shares of Nuveen Multi-Asset Income Fund stock traded down $0.28 during trading on Friday, reaching $12.12. The company’s stock had a trading volume of 109,617 shares, compared to its average volume of 130,602. The business’s 50-day moving average price is $13.26 and its 200-day moving average price is $13.12. Nuveen Multi-Asset Income Fund has a 52 week low of $10.21 and a 52 week high of $13.95.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.116 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 11.5%.

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.