Nuveen Global High Income Fund (NYSE:JGH) Short Interest Update

Nuveen Global High Income Fund (NYSE:JGH) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,600 shares, an increase of 103.2% from the August 31st total of 6,200 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is currently 0.3 days.

Nuveen Global High Income Fund Stock Performance

NYSE:JGH traded up $0.03 during mid-day trading on Friday, reaching $13.15. The stock had a trading volume of 31,420 shares, compared to its average volume of 51,589. The stock has a 50-day simple moving average of $12.86 and a two-hundred day simple moving average of $12.75. Nuveen Global High Income Fund has a 12 month low of $10.36 and a 12 month high of $13.20.

Nuveen Global High Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.1035 per share. The ex-dividend date is Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.45%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JGH. Shaker Financial Services LLC acquired a new stake in Nuveen Global High Income Fund in the second quarter valued at approximately $844,000. Outlook Wealth Advisors LLC bought a new position in shares of Nuveen Global High Income Fund in the 2nd quarter valued at $674,000. Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Global High Income Fund during the 2nd quarter valued at $313,000. Ausdal Financial Partners Inc. grew its position in Nuveen Global High Income Fund by 75.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 49,369 shares of the company’s stock worth $631,000 after acquiring an additional 21,292 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Nuveen Global High Income Fund in the 2nd quarter worth about $158,000.

About Nuveen Global High Income Fund

Nuveen Global High 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 fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.