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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 149,600 shares, a growth of 54.9% from the August 31st total of 96,600 shares. Based on an average trading volume of 113,300 shares, the short-interest ratio is currently 1.3 days.

Nuveen Multi-Asset Income Fund Stock Performance

NMAI stock traded down $0.02 during midday trading on Friday, hitting $13.12. The company’s stock had a trading volume of 149,644 shares, compared to its average volume of 83,838. Nuveen Multi-Asset Income Fund has a 12 month low of $10.60 and a 12 month high of $13.50. The firm’s 50-day moving average is $13.13 and its 200-day moving average is $12.55.

Nuveen Multi-Asset Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 12.73%. This is a boost from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, September 13th.

Insiders Place Their Bets

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 35,998 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $13.22, for a total transaction of $475,893.56. Following the transaction, the insider now owns 4,712,808 shares in the company, valued at approximately $62,303,321.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC lifted its holdings in shares of Nuveen Multi-Asset Income Fund by 16.8% during the 1st quarter. Alpine Global Management LLC now owns 146,000 shares of the company’s stock valued at $1,816,000 after buying an additional 21,000 shares during the period. Quarry LP increased its stake in shares of Nuveen Multi-Asset Income Fund by 79.7% in the 2nd quarter. Quarry LP now owns 110,350 shares of the company’s stock worth $1,363,000 after purchasing an additional 48,938 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Nuveen Multi-Asset Income Fund by 27.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 69,200 shares of the company’s stock worth $855,000 after purchasing an additional 15,002 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter worth $611,000. Finally, Shaker Financial Services LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund in the 2nd quarter worth $412,000.