Nuveen Multi-Market Income Fund (NYSE:JMM) Short Interest Up 80.9% in April

Nuveen Multi-Market Income Fund (NYSE:JMM) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,791 shares, a growth of 80.9% from the April 15th total of 1,543 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,140 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% in the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after purchasing an additional 2,880 shares during the period. Raymond James Financial Inc. purchased a new position in Nuveen Multi-Market Income Fund in the 2nd quarter valued at approximately $30,000. Fifth Third Bancorp purchased a new position in Nuveen Multi-Market Income Fund in the 1st quarter valued at approximately $28,000. Stratos Wealth Partners LTD. grew its stake in Nuveen Multi-Market Income Fund by 32.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after buying an additional 8,580 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Nuveen Multi-Market Income Fund in the 4th quarter valued at approximately $85,000. Institutional investors own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Stock Up 0.2%

NYSE:JMM opened at $5.73 on Monday. The firm’s 50 day moving average is $5.87 and its 200 day moving average is $6.04. Nuveen Multi-Market Income Fund has a 12 month low of $5.70 and a 12 month high of $6.52.

Nuveen Multi-Market Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.029 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.