Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Drops By 40.0%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 38,886 shares, a decrease of 40.0% from the November 30th total of 64,768 shares. Based on an average daily volume of 146,160 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 146,160 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its position in shares of Nuveen Multi-Asset Income Fund by 412.7% in the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock valued at $32,000 after buying an additional 2,022 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 3rd quarter valued at $40,000. FNY Investment Advisers LLC lifted its position in shares of Nuveen Multi-Asset Income Fund by 43.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock valued at $54,000 after acquiring an additional 1,300 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter worth $135,000. Finally, Capital Market Strategies LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the second quarter worth $146,000.

Nuveen Multi-Asset Income Fund Stock Performance

NMAI traded up $0.06 during trading on Friday, hitting $13.02. The stock had a trading volume of 55,585 shares, compared to its average volume of 110,430. The company has a 50 day moving average price of $13.04 and a 200-day moving average price of $12.82. Nuveen Multi-Asset Income Fund has a one year low of $10.21 and a one year high of $13.39.

Nuveen Multi-Asset Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.116 per share. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.