Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Increases By 295.7%

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 9,100 shares, an increase of 295.7% from the February 13th total of 2,300 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. lifted its position in Nuveen Multi-Market Income Fund by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 5,575,283 shares of the company’s stock valued at $33,730,000 after acquiring an additional 192,829 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Nuveen Multi-Market Income Fund in the third quarter worth approximately $840,000. Transform Wealth LLC bought a new position in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at approximately $326,000. Aviance Capital Partners LLC boosted its position in shares of Nuveen Multi-Market Income Fund by 22.5% during the fourth quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after buying an additional 19,560 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its holdings in Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock worth $3,176,000 after buying an additional 8,850 shares in the last quarter. 67.34% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Multi-Market Income Fund Trading Down 0.2 %

Shares of JMM opened at $6.17 on Friday. The business’s fifty day moving average is $6.11 and its 200 day moving average is $6.13. Nuveen Multi-Market Income Fund has a 12-month low of $5.78 and a 12-month high of $6.47.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, March 14th.

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.