Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 80.9% in April

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,791 shares, an increase of 80.9% from the April 15th total of 1,543 shares. Based on an average daily volume of 7,140 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the 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. grew its position in shares of Nuveen Multi-Market Income Fund by 142.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock valued at $1,569,000 after purchasing an additional 146,395 shares in the last quarter. Sit Investment Associates Inc. grew its position in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after purchasing an additional 96,877 shares in the last quarter. Seven Mile Advisory purchased a new position in shares of Nuveen Multi-Market Income Fund during the 3rd quarter valued at $558,000. Susquehanna International Group LLP grew its position 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 purchasing an additional 24,342 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its position in shares of Nuveen Multi-Market Income Fund by 17.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock valued at $854,000 after purchasing an additional 20,053 shares in the last quarter. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Trading Up 0.2%

Shares of JMM opened at $5.73 on Monday. The business’s 50-day moving average price is $5.87 and its 200-day moving average price is $6.04. Nuveen Multi-Market Income Fund has a twelve month low of $5.70 and a twelve month high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, May 15th.

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.