Nuveen Global High Income Fund (NYSE:JGH) Sees Significant Drop in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 28,800 shares, a decline of 34.4% from the November 30th total of 43,900 shares. Based on an average trading volume of 51,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Nuveen Global High Income Fund

Several institutional investors have recently modified their holdings of JGH. Pathstone Holdings LLC lifted its stake in Nuveen Global High Income Fund by 70.1% during the 3rd quarter. Pathstone Holdings LLC now owns 248,413 shares of the company’s stock valued at $3,324,000 after acquiring an additional 102,391 shares during the period. Shaker Financial Services LLC bought a new position in Nuveen Global High Income Fund during the second quarter valued at approximately $844,000. Wolverine Asset Management LLC purchased a new stake in Nuveen Global High Income Fund in the third quarter worth approximately $661,000. Sanctuary Advisors LLC bought a new stake in Nuveen Global High Income Fund in the 2nd quarter worth approximately $313,000. Finally, Ausdal Financial Partners Inc. raised its stake in Nuveen Global High Income Fund by 75.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 49,369 shares of the company’s stock valued at $631,000 after buying an additional 21,292 shares during the last quarter.

Nuveen Global High Income Fund Stock Down 0.4 %

JGH stock opened at $12.76 on Monday. The stock’s 50 day simple moving average is $13.03 and its 200 day simple moving average is $12.95. Nuveen Global High Income Fund has a 12-month low of $11.88 and a 12-month high of $13.41.

Nuveen Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1035 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date of this dividend is Friday, December 13th.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.