Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 78.9% in February

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 57,800 shares, a growth of 78.9% from the February 13th total of 32,300 shares. Based on an average daily volume of 128,200 shares, the days-to-cover ratio is currently 0.5 days.

Insiders Place Their Bets

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 13,951 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $12.23, for a total transaction of $170,620.73. Following the completion of the sale, the insider now directly owns 3,829,107 shares in the company, valued at $46,829,978.61. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 358,446 shares of company stock valued at $4,327,334 over the last 90 days.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Nuveen Multi-Asset Income Fund by 40.6% in the 4th quarter. Bank of America Corp DE now owns 49,691 shares of the company’s stock worth $598,000 after purchasing an additional 14,347 shares during the last quarter. Quarry LP acquired a new stake in Nuveen Multi-Asset Income Fund during the fourth quarter worth about $954,000. Shaker Financial Services LLC increased its stake in Nuveen Multi-Asset Income Fund by 152.4% during the fourth quarter. Shaker Financial Services LLC now owns 193,247 shares of the company’s stock valued at $2,327,000 after acquiring an additional 116,676 shares during the period. First Trust Advisors LP raised its holdings in Nuveen Multi-Asset Income Fund by 4.4% in the 4th quarter. First Trust Advisors LP now owns 64,815 shares of the company’s stock valued at $780,000 after acquiring an additional 2,734 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Nuveen Multi-Asset Income Fund by 4.2% during the 4th quarter. NewEdge Advisors LLC now owns 24,984 shares of the company’s stock worth $301,000 after purchasing an additional 1,009 shares in the last quarter.

Nuveen Multi-Asset Income Fund Price Performance

NYSE:NMAI traded down $0.23 during mid-day trading on Friday, hitting $12.06. 223,744 shares of the company’s stock traded hands, compared to its average volume of 100,965. The firm has a 50 day moving average of $12.37 and a two-hundred day moving average of $12.63. Nuveen Multi-Asset Income Fund has a 12 month low of $11.63 and a 12 month high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.4175 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.67 annualized dividend and a dividend yield of 13.85%.