Nuveen Global High Income Fund (NYSE:JGH) Sees Large Drop in Short Interest

Nuveen Global High Income Fund (NYSE:JGH) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 43,900 shares, a decline of 30.1% from the November 15th total of 62,800 shares. Based on an average daily trading volume, of 48,200 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Nuveen Global High Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JGH. Avior Wealth Management LLC boosted its stake in shares of Nuveen Global High Income Fund by 76.0% in the 3rd quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock worth $30,000 after buying an additional 984 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Nuveen Global High Income Fund during the third quarter worth $47,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Nuveen Global High Income Fund during the second quarter worth $158,000. International Assets Investment Management LLC increased its holdings in shares of Nuveen Global High Income Fund by 1,238.0% in the third quarter. International Assets Investment Management LLC now owns 12,082 shares of the company’s stock worth $162,000 after purchasing an additional 11,179 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Nuveen Global High Income Fund in the third quarter worth $214,000.

Nuveen Global High Income Fund Stock Down 0.1 %

Shares of NYSE:JGH traded down $0.01 during midday trading on Friday, reaching $13.25. The company’s stock had a trading volume of 47,998 shares, compared to its average volume of 50,410. The firm has a 50 day moving average price of $13.10 and a two-hundred day moving average price of $12.93. Nuveen Global High Income Fund has a fifty-two week low of $11.85 and a fifty-two week high of $13.41.

Nuveen Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.1035 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date is Friday, December 13th.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.