Nuveen Global High Income Fund (NYSE:JGH) Shares Up 0.1% – Here’s Why

Shares of Nuveen Global High Income Fund (NYSE:JGH) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $12.51 and last traded at $12.47. 187,828 shares were traded during trading, an increase of 137% from the average session volume of 79,286 shares. The stock had previously closed at $12.46.

Nuveen Global High Income Fund Trading Up 0.4%

The company has a 50-day moving average of $12.66 and a 200-day moving average of $13.03.

Nuveen Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.1035 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 9.9%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in shares of Nuveen Global High Income Fund in the third quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new stake in Nuveen Global High Income Fund in the 2nd quarter worth $78,000. Comerica Bank grew its holdings in Nuveen Global High Income Fund by 38.2% in the 3rd quarter. Comerica Bank now owns 7,137 shares of the company’s stock worth $96,000 after acquiring an additional 1,974 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Global High Income Fund in the second quarter valued at about $105,000. Finally, Tyche Wealth Partners LLC bought a new position in shares of Nuveen Global High Income Fund during the second quarter valued at about $143,000.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.