Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Grows By 147.3%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 183,217 shares, an increase of 147.3% from the July 30th total of 74,095 shares. Based on an average daily trading volume, of 99,493 shares, the short-interest ratio is presently 1.8 days.

Nuveen Multi-Asset Income Fund Stock Performance

NMAI stock opened at $14.40 on Friday. Nuveen Multi-Asset Income Fund has a 1 year low of $11.99 and a 1 year high of $15.06. The stock’s fifty day moving average price is $14.10 and its 200-day moving average price is $13.70.

Nuveen Multi-Asset Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.116 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NMAI. Cassaday & Co Wealth Management LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at about $31,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Nuveen Multi-Asset Income Fund in the 4th quarter worth approximately $42,000. Wells Fargo & Company MN lifted its stake in shares of Nuveen Multi-Asset Income Fund by 942.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after purchasing an additional 2,968 shares during the period. Fifth Third Bancorp purchased a new position in shares of Nuveen Multi-Asset Income Fund in the first quarter worth approximately $41,000. Finally, Allworth Financial LP purchased a new position in shares of Nuveen Multi-Asset Income Fund in the second quarter worth approximately $64,000.

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.