Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Decreases By 66.6%

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 493 shares, a decrease of 66.6% from the May 14th total of 1,477 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,087 shares, the short-interest ratio is currently 0.1 days.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM stock opened at $5.80 on Thursday. The stock has a 50-day moving average of $5.84 and a 200-day moving average of $5.99. Nuveen Multi-Market Income Fund has a 1-year low of $5.67 and a 1-year high of $6.52.

Nuveen Multi-Market Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of Nuveen Multi-Market Income Fund during the 1st quarter valued at about $28,000. Raymond James Financial Inc. bought a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter valued at about $30,000. Wolverine Asset Management LLC bought a new stake in shares of Nuveen Multi-Market Income Fund during the 4th quarter valued at about $85,000. Stratos Wealth Partners LTD. boosted its position in shares of Nuveen Multi-Market Income Fund by 32.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after purchasing an additional 8,580 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position 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 valued at $281,000 after purchasing an additional 24,342 shares in the last quarter. Institutional investors and hedge funds own 67.34% of the company’s stock.

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.