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

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,133 shares, a decline of 75.4% from the February 26th total of 4,614 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 29,328 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Nuveen Multi-Market Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMM. Advisors Asset Management Inc. increased its position in Nuveen Multi-Market Income Fund by 142.0% during the third quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock worth $1,569,000 after purchasing an additional 146,395 shares during the last quarter. Sit Investment Associates Inc. raised its stake in Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the period. Seven Mile Advisory acquired a new position in shares of Nuveen Multi-Market Income Fund in the 3rd quarter valued at $558,000. M Holdings Securities Inc. purchased a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at $230,000. Finally, Susquehanna International Group LLP grew its stake in shares of 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 valued at $281,000 after buying an additional 24,342 shares during the period. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Trading Down 1.0%

JMM traded down $0.06 during trading on Friday, hitting $5.73. The company’s stock had a trading volume of 7,264 shares, compared to its average volume of 17,115. Nuveen Multi-Market Income Fund has a twelve month low of $5.68 and a twelve month high of $6.52. The firm’s 50 day moving average price is $6.07 and its 200-day moving average price is $6.14.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 6.1%.

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.