Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Jumps 76.8%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 188,608 shares, an increase of 76.8% from the August 31st total of 106,666 shares. Based on an average daily trading volume, of 89,323 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of Nuveen Multi-Asset Income Fund during the first quarter worth about $31,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Asset Income Fund in the first quarter valued at about $41,000. Allworth Financial LP purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the 2nd quarter valued at about $64,000. Waverly Advisors LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at about $133,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Nuveen Multi-Asset Income Fund during the 1st quarter valued at about $169,000.

Nuveen Multi-Asset Income Fund Price Performance

Shares of Nuveen Multi-Asset Income Fund stock traded down $0.06 during trading hours on Thursday, hitting $14.39. The company’s stock had a trading volume of 53,616 shares, compared to its average volume of 109,034. The business has a fifty day moving average of $14.29 and a 200 day moving average of $13.83. Nuveen Multi-Asset Income Fund has a 1-year low of $11.99 and a 1-year high of $15.06.

Nuveen Multi-Asset Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.1160 per share. This represents a $1.39 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide a high level of current income while also pursuing total return through a diversified, multi-asset investment strategy.

NMAI invests across a range of income-producing securities and asset classes, which may include corporate and government bonds, high-yield debt, preferred securities, convertible securities, mortgage-related investments and dividend-paying equities.