Short Interest in Nuveen Multi-Market Income Fund (NYSE:JMM) Drops By 54.9%

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,100 shares, a decline of 54.9% from the February 28th total of 9,100 shares. Based on an average daily volume of 3,700 shares, the short-interest ratio is presently 1.1 days.

Nuveen Multi-Market Income Fund Trading Down 4.1 %

Nuveen Multi-Market Income Fund stock traded down $0.27 during mid-day trading on Friday, hitting $6.19. 22,897 shares of the company’s stock were exchanged, compared to its average volume of 6,232. The stock has a 50 day moving average of $6.13 and a two-hundred day moving average of $6.13. Nuveen Multi-Market Income Fund has a 1-year low of $5.78 and a 1-year high of $6.47.

Nuveen Multi-Market Income Fund Announces Dividend

The company also recently disclosed 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 5.63%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Multi-Market Income Fund

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in 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 worth $63,000 after acquiring an additional 3,506 shares during the period. Transform Wealth LLC acquired a new position in shares of Nuveen Multi-Market Income Fund during the 4th quarter worth about $326,000. Aviance Capital Partners LLC grew its holdings in Nuveen Multi-Market Income Fund by 22.5% in the 4th quarter. Aviance Capital Partners LLC now owns 106,618 shares of the company’s stock valued at $645,000 after buying an additional 19,560 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Nuveen Multi-Market Income Fund in the 3rd quarter worth approximately $840,000. Finally, 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. 1607 Capital Partners LLC now owns 524,932 shares of the company’s stock worth $3,176,000 after buying an additional 8,850 shares during the last quarter. 67.34% of the stock is owned by institutional investors.

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.