Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Decreases By 41.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 106,666 shares, a drop of 41.8% from the August 15th total of 183,217 shares. Based on an average daily volume of 77,144 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter worth approximately $31,000. Fifth Third Bancorp acquired a new stake in Nuveen Multi-Asset Income Fund during the first quarter worth $41,000. Allworth Financial LP purchased a new stake in Nuveen Multi-Asset Income Fund in the second quarter valued at $64,000. Waverly Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at $133,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the 1st quarter valued at $169,000.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE:NMAI traded up $0.07 during midday trading on Thursday, hitting $13.87. The company had a trading volume of 68,421 shares, compared to its average volume of 110,924. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $15.06. The business’s 50-day simple moving average is $14.25 and its 200-day simple moving average is $13.77.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.116 per share. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 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.