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

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 39.5% from the January 31st total of 3,800 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.5 days.

Nuveen Multi-Market Income Fund Price Performance

Shares of Nuveen Multi-Market Income Fund stock traded down $0.11 during trading on Tuesday, reaching $6.24. The company’s stock had a trading volume of 4,358 shares, compared to its average volume of 4,804. Nuveen Multi-Market Income Fund has a 52-week low of $5.78 and a 52-week high of $6.47. The firm’s 50-day moving average is $6.09 and its two-hundred day moving average is $6.13.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of institutional investors have recently made changes to their positions in JMM. Kovitz Investment Group Partners LLC bought a new stake in Nuveen Multi-Market Income Fund during the 3rd quarter valued at $840,000. Transform Wealth LLC bought a new stake in Nuveen Multi-Market Income Fund during the 4th quarter valued at $326,000. Aviance Capital Partners LLC raised its holdings in Nuveen Multi-Market Income Fund by 22.5% during the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after buying an additional 19,560 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Nuveen Multi-Market Income Fund by 50.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after buying an additional 3,506 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in Nuveen Multi-Market Income Fund by 3.6% during the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after buying an additional 192,829 shares during the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.