Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Decreases By 44.6%

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 4,614 shares, a drop of 44.6% from the February 12th total of 8,330 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 6,163 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 6,163 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JMM. Advisors Asset Management Inc. boosted its position in Nuveen Multi-Market Income Fund by 1.2% during the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after purchasing an additional 2,880 shares during the period. Sit Investment Associates Inc. lifted its stake in shares of Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after buying an additional 96,877 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Nuveen Multi-Market Income Fund during the 4th quarter worth $85,000. Susquehanna International Group LLP grew its stake in Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after buying an additional 24,342 shares during the last quarter. Finally, Seven Mile Advisory bought a new position in Nuveen Multi-Market Income Fund in the 3rd quarter worth $558,000. Institutional investors and hedge funds own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of JMM traded down $0.05 during mid-day trading on Thursday, hitting $5.90. 2,213 shares of the company’s stock were exchanged, compared to its average volume of 10,406. The firm has a fifty day moving average of $6.13 and a two-hundred day moving average of $6.18. Nuveen Multi-Market Income Fund has a twelve month low of $5.68 and a twelve month high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.029 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, March 13th.

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.