Nuveen Global High Income Fund (NYSE:JGH) Sees Large Decline in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 64,972 shares, a decrease of 84.6% from the November 30th total of 421,873 shares. Based on an average daily trading volume, of 128,742 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 128,742 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in JGH. Apollon Wealth Management LLC boosted its position in Nuveen Global High Income Fund by 6.1% in the second quarter. Apollon Wealth Management LLC now owns 13,804 shares of the company’s stock valued at $178,000 after buying an additional 790 shares in the last quarter. Gould Asset Management LLC CA boosted its holdings in shares of Nuveen Global High Income Fund by 4.4% during the 3rd quarter. Gould Asset Management LLC CA now owns 22,141 shares of the company’s stock valued at $299,000 after acquiring an additional 940 shares in the last quarter. Osaic Holdings Inc. grew its position in Nuveen Global High Income Fund by 4.4% during the 2nd quarter. Osaic Holdings Inc. now owns 33,131 shares of the company’s stock worth $428,000 after acquiring an additional 1,388 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in Nuveen Global High Income Fund by 8.9% in the 3rd quarter. Independent Wealth Network Inc. now owns 21,158 shares of the company’s stock worth $286,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Nuveen Global High Income Fund in the third quarter valued at about $25,000.

Nuveen Global High Income Fund Stock Performance

NYSE:JGH traded up $0.05 during trading hours on Wednesday, hitting $12.53. The company’s stock had a trading volume of 74,481 shares, compared to its average volume of 79,267. Nuveen Global High Income Fund has a twelve month low of $10.51 and a twelve month high of $13.70. The stock has a fifty day simple moving average of $12.67 and a 200-day simple moving average of $13.03.

Nuveen Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.1035 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 9.9%.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.