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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 45,210 shares, a drop of 35.7% from the March 15th total of 70,356 shares. Based on an average daily volume of 103,878 shares, the short-interest ratio is presently 0.4 days.

Nuveen Multi-Asset Income Fund Stock Up 0.6%

Shares of NYSE NMAI traded up $0.08 during midday trading on Tuesday, hitting $13.71. The company had a trading volume of 133,823 shares, compared to its average volume of 127,893. Nuveen Multi-Asset Income Fund has a twelve month low of $11.31 and a twelve month high of $13.95. The business has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $13.12.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.116 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NWF Advisory Services Inc. raised its position in Nuveen Multi-Asset Income Fund by 1.9% during the fourth quarter. NWF Advisory Services Inc. now owns 40,361 shares of the company’s stock worth $526,000 after acquiring an additional 750 shares during the last quarter. Invesco Ltd. raised its position in Nuveen Multi-Asset Income Fund by 7.5% during the fourth quarter. Invesco Ltd. now owns 14,436 shares of the company’s stock worth $188,000 after acquiring an additional 1,013 shares during the last quarter. NewEdge Advisors LLC raised its position in Nuveen Multi-Asset Income Fund by 7.7% during the second quarter. NewEdge Advisors LLC now owns 29,779 shares of the company’s stock worth $376,000 after acquiring an additional 2,129 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its position in Nuveen Multi-Asset Income Fund by 10.9% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 22,618 shares of the company’s stock worth $295,000 after acquiring an additional 2,223 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Nuveen Multi-Asset Income Fund by 2.4% during the fourth quarter. Cetera Investment Advisers now owns 97,245 shares of the company’s stock worth $1,268,000 after acquiring an additional 2,273 shares during the last quarter.

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.