Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Update

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 56,517 shares, an increase of 61.3% from the January 29th total of 35,034 shares. Based on an average trading volume of 132,430 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 132,430 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Nuveen Multi-Asset Income Fund

Hedge funds have recently modified their holdings of the company. Pathstone Holdings LLC grew its position in Nuveen Multi-Asset Income Fund by 60.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,259,213 shares of the company’s stock worth $16,345,000 after acquiring an additional 475,298 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Nuveen Multi-Asset Income Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 919,362 shares of the company’s stock valued at $11,933,000 after purchasing an additional 2,572 shares in the last quarter. UBS Group AG boosted its stake in shares of Nuveen Multi-Asset Income Fund by 6.7% during the fourth quarter. UBS Group AG now owns 681,504 shares of the company’s stock valued at $8,887,000 after purchasing an additional 42,990 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Nuveen Multi-Asset Income Fund by 85.4% during the second quarter. Wolverine Asset Management LLC now owns 406,739 shares of the company’s stock worth $5,137,000 after purchasing an additional 187,332 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Nuveen Multi-Asset Income Fund by 23.5% in the fourth quarter. LPL Financial LLC now owns 393,127 shares of the company’s stock valued at $5,126,000 after buying an additional 74,745 shares during the period.

Nuveen Multi-Asset Income Fund Trading Up 0.4%

Shares of NMAI traded up $0.06 during mid-day trading on Friday, reaching $13.79. The company had a trading volume of 97,387 shares, compared to its average volume of 138,366. The company’s 50 day simple moving average is $13.38 and its 200 day simple moving average is $13.10. 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 business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.116 per share. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.1%.

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.