Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 129.6% in July

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 59,854 shares, a growth of 129.6% from the June 30th total of 26,070 shares. Based on an average daily trading volume, of 99,129 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at about $31,000. Fifth Third Bancorp bought a new position in shares of Nuveen Multi-Asset Income Fund during the first quarter worth about $41,000. Garton & Associates Financial Advisors LLC acquired a new stake in Nuveen Multi-Asset Income Fund in the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN raised its position in Nuveen Multi-Asset Income Fund by 942.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock valued at $43,000 after buying an additional 2,968 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Nuveen Multi-Asset Income Fund in the 4th quarter valued at approximately $68,000.

Nuveen Multi-Asset Income Fund Stock Down 0.4%

Shares of NMAI stock traded down $0.05 during trading hours on Tuesday, hitting $13.69. 5,389 shares of the company were exchanged, compared to its average volume of 116,420. Nuveen Multi-Asset Income Fund has a 52 week low of $11.99 and a 52 week high of $14.38. The business has a 50 day moving average of $13.90 and a two-hundred day moving average of $13.54.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.116 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

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.