Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Update

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a large 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 daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. 1607 Capital Partners LLC increased its stake in shares of 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 buying an additional 8,850 shares during the period. Sit Investment Associates Inc. raised its position in shares of 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 worth $33,730,000 after acquiring an additional 192,829 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Nuveen Multi-Market Income Fund by 50.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,456 shares of the company’s stock valued at $63,000 after purchasing an additional 3,506 shares during the period. Aviance Capital Partners LLC grew its stake in 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 purchasing an additional 19,560 shares during the period. Finally, Transform Wealth LLC acquired a new position in Nuveen Multi-Market Income Fund in the fourth quarter valued at approximately $326,000. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Up 1.7 %

JMM opened at $6.18 on Thursday. The company has a 50-day simple moving average of $6.10 and a 200 day simple moving average of $6.13. Nuveen Multi-Market Income Fund has a twelve month low of $5.78 and a twelve month high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders 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.

Nuveen Multi-Market Income Fund Company Profile

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.