Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Significant Increase in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,800 shares, an increase of 52.0% from the August 15th total of 2,500 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 0.7 days.

Nuveen Multi-Market Income Fund Stock Up 0.5 %

Nuveen Multi-Market Income Fund stock opened at $6.27 on Monday. The stock has a 50 day moving average of $6.14 and a two-hundred day moving average of $6.02. Nuveen Multi-Market Income Fund has a twelve month low of $5.29 and a twelve month high of $6.33.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Friday, September 13th.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.