Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Grows By 134.5%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 70,356 shares, an increase of 134.5% from the February 26th total of 29,997 shares. Based on an average trading volume of 130,282 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NMAI stock opened at $12.50 on Thursday. The firm has a fifty day moving average price of $13.30 and a 200-day moving average price of $13.13. Nuveen Multi-Asset Income Fund has a 1 year low of $10.21 and a 1 year high of $13.95.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.116 dividend. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NMAI. Royal Bank of Canada boosted its stake in Nuveen Multi-Asset Income Fund by 189.8% during the first quarter. Royal Bank of Canada now owns 98,778 shares of the company’s stock valued at $1,187,000 after buying an additional 64,693 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Nuveen Multi-Asset Income Fund by 10.7% during the 1st quarter. NewEdge Advisors LLC now owns 27,650 shares of the company’s stock valued at $332,000 after acquiring an additional 2,666 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at $407,000. JPMorgan Chase & Co. raised its stake in Nuveen Multi-Asset Income Fund by 3,324.0% during the second quarter. JPMorgan Chase & Co. now owns 46,224 shares of the company’s stock valued at $584,000 after purchasing an additional 44,874 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Nuveen Multi-Asset Income Fund by 17.7% during the second quarter. First Trust Advisors LP now owns 77,342 shares of the company’s stock valued at $977,000 after purchasing an additional 11,607 shares in the last quarter.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.