Nuveen Global High Income Fund (NYSE:JGH) Short Interest Up 119.7% in May

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 110,876 shares, a growth of 119.7% from the May 14th total of 50,478 shares. Based on an average trading volume of 114,962 shares, the days-to-cover ratio is presently 1.0 days.

Nuveen Global High Income Fund Stock Performance

Shares of NYSE JGH opened at $12.92 on Friday. Nuveen Global High Income Fund has a one year low of $11.80 and a one year high of $13.70. The business has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $12.64.

Nuveen Global High Income Fund Announces Dividend

The company 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 dividend of $0.1035 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Institutional Investors Weigh In On Nuveen Global High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of Nuveen Global High Income Fund during the 3rd quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Nuveen Global High Income Fund during the 4th quarter worth about $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Nuveen Global High Income Fund during the 4th quarter worth about $34,000. Comerica Bank raised its stake in shares of Nuveen Global High Income Fund by 38.2% during the 3rd quarter. Comerica Bank now owns 7,137 shares of the company’s stock worth $96,000 after purchasing an additional 1,974 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of Nuveen Global High Income Fund during the 1st quarter worth about $99,000.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.