Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 147.3% in August

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 183,217 shares, an increase of 147.3% from the July 30th total of 74,095 shares. Based on an average trading volume of 99,493 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

Several large investors have recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in shares of Nuveen Multi-Asset Income Fund by 60.6% in the third quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock valued at $16,345,000 after buying an additional 475,298 shares in the last quarter. UBS Group AG raised its position in shares of Nuveen Multi-Asset Income Fund by 6.7% during the 4th quarter. UBS Group AG now owns 681,504 shares of the company’s stock worth $8,887,000 after purchasing an additional 42,990 shares during the last quarter. LPL Financial LLC raised its position in shares of Nuveen Multi-Asset Income Fund by 23.5% during the 4th quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock worth $5,126,000 after purchasing an additional 74,745 shares during the last quarter. Royal Bank of Canada lifted its stake in Nuveen Multi-Asset Income Fund by 23.1% in the 1st quarter. Royal Bank of Canada now owns 240,191 shares of the company’s stock valued at $2,978,000 after buying an additional 45,075 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Nuveen Multi-Asset Income Fund by 200.2% in the 4th quarter. Stifel Financial Corp now owns 201,156 shares of the company’s stock valued at $2,623,000 after buying an additional 134,154 shares in the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE:NMAI traded up $0.07 during trading on Friday, hitting $14.42. 84,876 shares of the stock were exchanged, compared to its average volume of 112,468. The company has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $13.70. Nuveen Multi-Asset Income Fund has a 12-month low of $11.99 and a 12-month high of $15.06.

Nuveen Multi-Asset Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 9.7%.

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.