Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 66.6% in May

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 493 shares, a decrease of 66.6% from the May 14th total of 1,477 shares. Based on an average daily volume of 9,087 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its position in 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 buying an additional 96,877 shares during the period. Advisors Asset Management Inc. boosted its position in Nuveen Multi-Market Income Fund by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after buying an additional 2,880 shares during the period. Seven Mile Advisory purchased a new stake in Nuveen Multi-Market Income Fund during the 3rd quarter valued at $558,000. Susquehanna International Group LLP boosted its position in 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 buying an additional 24,342 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in Nuveen Multi-Market Income Fund by 32.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after buying an additional 8,580 shares during the period. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of Nuveen Multi-Market Income Fund stock remained flat at $5.82 during trading on Friday. 1,595 shares of the stock were exchanged, compared to its average volume of 13,877. Nuveen Multi-Market Income Fund has a 12 month low of $5.67 and a 12 month high of $6.52. The firm has a 50-day simple moving average of $5.84 and a 200-day simple moving average of $5.99.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.0%.

About Nuveen Multi-Market Income Fund

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.