Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Down 39.5% in February

Nuveen Multi-Market Income Fund (NYSE:JMM) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 39.5% from the January 31st total of 3,800 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nuveen Multi-Market Income Fund

Several institutional investors have recently modified their holdings of JMM. Wells Fargo & Company MN lifted its holdings in Nuveen Multi-Market Income Fund by 50.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock worth $63,000 after buying an additional 3,506 shares during the period. Transform Wealth LLC bought a new position in shares of Nuveen Multi-Market Income Fund during the fourth quarter worth about $326,000. Aviance Capital Partners LLC raised 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 worth $645,000 after acquiring an additional 19,560 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Nuveen Multi-Market Income Fund in the third quarter worth approximately $840,000. Finally, 1607 Capital Partners LLC boosted its holdings in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock valued at $3,176,000 after acquiring an additional 8,850 shares during the last quarter. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Up 3.1 %

NYSE JMM traded up $0.19 during trading hours on Monday, reaching $6.35. The company’s stock had a trading volume of 8,691 shares, compared to its average volume of 4,818. Nuveen Multi-Market Income Fund has a 52 week low of $5.78 and a 52 week high of $6.47. The firm has a fifty day simple moving average of $6.08 and a 200-day simple moving average of $6.13.

Nuveen Multi-Market Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.48%.

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.