Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Significant Increase in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 59,854 shares, an increase of 129.6% from the June 30th total of 26,070 shares. Based on an average daily volume of 99,129 shares, the days-to-cover ratio is presently 0.6 days.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NMAI traded up $0.14 during trading hours on Thursday, reaching $13.79. The stock had a trading volume of 62,119 shares, compared to its average volume of 116,299. Nuveen Multi-Asset Income Fund has a 52 week low of $11.99 and a 52 week high of $14.38. The firm has a 50-day moving average of $13.89 and a 200 day moving average of $13.55.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.116 dividend. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

Several institutional investors have recently modified their holdings of NMAI. Cassaday & Co Wealth Management LLC bought a new stake in Nuveen Multi-Asset Income Fund during the 1st quarter worth approximately $31,000. Fifth Third Bancorp acquired a new position in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at approximately $41,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund in the fourth quarter valued at approximately $42,000. Wells Fargo & Company MN increased its position in shares of Nuveen Multi-Asset Income Fund by 942.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after acquiring an additional 2,968 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund during the fourth quarter worth $68,000.

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.