Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Significant Increase in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 72,100 shares, a growth of 238.5% from the November 30th total of 21,300 shares. Based on an average daily volume of 103,700 shares, the short-interest ratio is currently 0.7 days.

Nuveen Multi-Asset Income Fund Trading Down 0.6 %

Shares of Nuveen Multi-Asset Income Fund stock traded down $0.07 on Friday, reaching $12.05. The stock had a trading volume of 217,976 shares, compared to its average volume of 89,389. The business’s 50 day moving average is $12.54 and its two-hundred day moving average is $12.78. Nuveen Multi-Asset Income Fund has a 1 year low of $11.63 and a 1 year high of $13.50.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 13.86%. The ex-dividend date of this dividend is Friday, December 13th.

Insider Transactions at Nuveen Multi-Asset Income Fund

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 73,350 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $13.17, for a total value of $966,019.50. Following the completion of the transaction, the insider now owns 4,534,634 shares in the company, valued at $59,721,129.78. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 601,327 shares of company stock worth $7,687,896 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NMAI. International Assets Investment Management LLC purchased a new position in shares of Nuveen Multi-Asset Income Fund during the second quarter worth about $95,000. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Nuveen Multi-Asset Income Fund in the 3rd quarter worth approximately $161,000. Shaker Financial Services LLC purchased a new position in Nuveen Multi-Asset Income Fund in the 2nd quarter worth approximately $412,000. Greenleaf Trust bought a new position in shares of Nuveen Multi-Asset Income Fund in the 3rd quarter worth $560,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter valued at $611,000.