Nuveen Multi-Asset Income Fund (NYSE:NMAI) Stock Short Interest Declines 53.9%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 81,675 shares, a decline of 53.9% from the September 30th total of 177,072 shares. Based on an average daily trading volume, of 160,341 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in Nuveen Multi-Asset Income Fund by 900.6% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock valued at $3,612,000 after purchasing an additional 225,016 shares in the last quarter. D.A. Davidson & CO. raised its position in Nuveen Multi-Asset Income Fund by 2.8% in the third quarter. D.A. Davidson & CO. now owns 148,785 shares of the company’s stock valued at $2,150,000 after purchasing an additional 4,048 shares during the period. First Bank & Trust purchased a new position in Nuveen Multi-Asset Income Fund in the third quarter valued at about $219,000. Allworth Financial LP raised its position in Nuveen Multi-Asset Income Fund by 329.1% in the second quarter. Allworth Financial LP now owns 4,510 shares of the company’s stock valued at $64,000 after purchasing an additional 3,459 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Nuveen Multi-Asset Income Fund during the second quarter worth about $241,000.

Nuveen Multi-Asset Income Fund Price Performance

NMAI traded down $0.19 during trading on Friday, hitting $13.65. 174,497 shares of the company’s stock were exchanged, compared to its average volume of 110,966. Nuveen Multi-Asset Income Fund has a 1 year low of $11.99 and a 1 year high of $15.06. The stock has a 50 day moving average price of $14.01 and a 200 day moving average price of $13.74.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a dividend of $0.1160 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.39 annualized dividend and a dividend yield of 10.2%.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.