Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 22,800 shares, a decline of 60.6% from the February 28th total of 57,800 shares. Based on an average daily trading volume, of 130,300 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 59,946 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $12.08, for a total value of $724,147.68. Following the completion of the sale, the insider now directly owns 3,539,679 shares of the company’s stock, valued at $42,759,322.32. This represents a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 260,230 shares of company stock valued at $3,138,099 over the last ninety days.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of institutional investors have recently made changes to their positions in NMAI. Bank of America Corp DE increased its holdings in Nuveen Multi-Asset Income Fund by 40.6% during the fourth quarter. Bank of America Corp DE now owns 49,691 shares of the company’s stock worth $598,000 after buying an additional 14,347 shares during the last quarter. Quarry LP acquired a new position in shares of Nuveen Multi-Asset Income Fund during the 4th quarter worth about $954,000. Shaker Financial Services LLC raised its holdings in shares of Nuveen Multi-Asset Income Fund by 152.4% in the 4th quarter. Shaker Financial Services LLC now owns 193,247 shares of the company’s stock valued at $2,327,000 after purchasing an additional 116,676 shares during the period. First Trust Advisors LP lifted its stake 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 purchasing an additional 2,734 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Nuveen Multi-Asset Income Fund by 4.2% during the fourth quarter. NewEdge Advisors LLC now owns 24,984 shares of the company’s stock worth $301,000 after purchasing an additional 1,009 shares during the period.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE NMAI opened at $12.05 on Thursday. Nuveen Multi-Asset Income Fund has a twelve month low of $11.63 and a twelve month high of $13.50. The company’s fifty day moving average is $12.38 and its 200-day moving average is $12.56.

Nuveen Multi-Asset Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 13.86%. The ex-dividend date is Friday, March 14th.