Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Expands By 1,669.0%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 8,721 shares, a growth of 1,669.0% from the May 31st total of 493 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 16,931 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Nuveen Multi-Market Income Fund

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after purchasing an additional 2,880 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Nuveen Multi-Market Income Fund in the 1st quarter valued at $28,000. Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in 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. Susquehanna International Group LLP lifted its stake 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 worth $281,000 after acquiring an additional 24,342 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Nuveen Multi-Market Income Fund during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Performance

Shares of NYSE:JMM traded down $0.01 during midday trading on Friday, hitting $5.83. The company’s stock had a trading volume of 363 shares, compared to its average volume of 9,299. The business’s 50 day simple moving average is $5.82 and its 200 day simple moving average is $5.96. Nuveen Multi-Market Income Fund has a 12-month low of $5.67 and a 12-month high of $6.52.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.029 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis 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.