Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,791 shares, a growth of 80.9% from the April 15th total of 1,543 shares. Based on an average daily trading volume, of 7,140 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Nuveen Multi-Market Income Fund Stock Up 0.3%

Nuveen Multi-Market Income Fund stock opened at $5.74 on Tuesday. The business has a 50 day moving average of $5.87 and a 200-day moving average of $6.03. Nuveen Multi-Market Income Fund has a 1 year low of $5.70 and a 1 year high of $6.52.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. boosted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after buying an additional 96,877 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after buying an additional 2,880 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Nuveen Multi-Market Income Fund by 17.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock worth $854,000 after buying an additional 20,053 shares in the last quarter. Seven Mile Advisory bought a new position in shares of Nuveen Multi-Market Income Fund during the 3rd quarter worth approximately $558,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of 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 buying an additional 24,342 shares in the last quarter. 67.34% of the stock is currently owned by institutional investors.

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.