Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Grows By 295.7%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,100 shares, an increase of 295.7% from the February 13th total of 2,300 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JMM. Sit Investment Associates Inc. increased its holdings in shares of 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 acquiring an additional 192,829 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Nuveen Multi-Market Income Fund during the 3rd quarter valued at approximately $840,000. Transform Wealth LLC bought a new stake in Nuveen Multi-Market Income Fund during the 4th quarter valued at approximately $326,000. Aviance Capital Partners LLC boosted its stake 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 purchasing an additional 19,560 shares during the period. Finally, 1607 Capital Partners LLC boosted its stake in Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after purchasing an additional 8,850 shares during the period. Institutional investors and hedge funds own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of NYSE JMM traded up $0.02 during mid-day trading on Friday, reaching $6.17. 3,949 shares of the company traded hands, compared to its average volume of 6,208. The company’s fifty day moving average is $6.11 and its two-hundred day moving average is $6.13. Nuveen Multi-Market Income Fund has a fifty-two week low of $5.78 and a fifty-two week high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Friday, March 14th.

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.