Nuveen Multi-Market Income Fund (NYSE:JMM) Sees Large Decline in Short Interest

Nuveen Multi-Market Income Fund (NYSE:JMM) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 271 shares, a drop of 83.8% from the December 15th total of 1,675 shares. Based on an average daily volume of 15,930 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 15,930 shares, the days-to-cover ratio is currently 0.0 days.

Nuveen Multi-Market Income Fund Stock Performance

JMM traded up $0.03 during trading on Tuesday, hitting $6.09. The stock had a trading volume of 11,465 shares, compared to its average volume of 9,821. Nuveen Multi-Market Income Fund has a twelve month low of $5.68 and a twelve month high of $6.52. The company’s 50-day moving average price is $6.09 and its 200 day moving average price is $6.24.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.029 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Trading of Nuveen Multi-Market Income Fund

Several hedge funds have recently modified their holdings of the business. Stratos Wealth Partners LTD. boosted its stake in shares of Nuveen Multi-Market Income Fund by 37.6% in the second quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock valued at $165,000 after buying an additional 7,174 shares in the last quarter. Aviance Capital Partners LLC boosted its position in shares of Nuveen Multi-Market Income Fund by 2.0% during the 2nd quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company’s stock worth $727,000 after purchasing an additional 2,299 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth $647,000. M Holdings Securities Inc. acquired a new position in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth $230,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Nuveen Multi-Market Income Fund in the 2nd quarter valued at about $30,000. 67.34% of the stock is owned by institutional investors and hedge funds.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.