Nuveen Global High Income Fund (NYSE:JGH) Short Interest Up 24.7% in March

Nuveen Global High Income Fund (NYSE:JGH) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 37,400 shares, a growth of 24.7% from the March 15th total of 30,000 shares. Based on an average daily volume of 56,400 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Outlook Wealth Advisors LLC increased its stake in Nuveen Global High Income Fund by 83.4% during the 1st quarter. Outlook Wealth Advisors LLC now owns 97,157 shares of the company’s stock worth $1,271,000 after purchasing an additional 44,168 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Nuveen Global High Income Fund during the fourth quarter worth about $164,000. Shaker Financial Services LLC grew its holdings in shares of Nuveen Global High Income Fund by 93.5% during the fourth quarter. Shaker Financial Services LLC now owns 162,483 shares of the company’s stock worth $2,086,000 after buying an additional 78,508 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen Global High Income Fund in the 4th quarter valued at approximately $2,001,000. Finally, Invesco Ltd. boosted its position in Nuveen Global High Income Fund by 4.5% during the 4th quarter. Invesco Ltd. now owns 382,925 shares of the company’s stock worth $4,917,000 after acquiring an additional 16,353 shares during the last quarter.

Nuveen Global High Income Fund Trading Up 0.5 %

Shares of JGH traded up $0.06 on Friday, reaching $11.91. 31,677 shares of the company’s stock were exchanged, compared to its average volume of 47,933. The business has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $12.96. Nuveen Global High Income Fund has a 12 month low of $10.51 and a 12 month high of $13.48.

Nuveen Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.1035 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.43%.

About Nuveen Global High Income Fund

Nuveen Global High 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 fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.